Question
Mr. Arun invested Rs. x in Scheme 1 and Rs. x/4 in Scheme
2. The schemes offered simple interest at 7% p.a. and 12% p.a. respectively. If the interest earned after 2 years is Rs. 420, calculate the value of ‘x’.Solution
ATQ,
x × 0.07 × 2 + x/4 × 0.12 × 2 = 420
0.14x + 0.06x = 420
0.20x = 420
x = 420 / 0.20 = 2100
So, the value of ‘x’ is Rs. 2100
Karan invested Rs. (x + 250) in Scheme A at a simple interest rate of 25% p.a. for 2 years, and the interest received is Rs. 1000. He then invested Rs. ...
Someone puts Rs. 18,000 in a scheme offering simple interest at ‘x%’ annually and receives Rs. 22,500 after 2.5 years. If he had instead invested Rs...
A person invests ₹25,000 in two schemes A and B. In scheme A, he gets 15% simple interest per annum, and in scheme B, he gets 18% simple interest per ...
if the interest is compounded half-yearly, calculate the amount when the principal is Rs.4000, the rate of interest is 22%.solve the question
On a certain principal, the difference between compound interest (compounded annually) and simple interest at the same annual rate for 2 years is Rs 72....
The compound interest received on investing Rs. 4500 for 2 years at compound interest of 20% p.a compounded annually is how much percentage more than th...
'X' invested Rs. 2,00,000 at compound interest of ___% p.a., compounded once every 4 months. If he kept the amount invested for 12 months, then interest...
A sum of Rs. 6120 is invested at simple interest for 2 years. If the rate interest for first year is 15% p.a. while 25% p.a. for second year, then find ...
Aman invested a certain amount of money, splitting it into two equal parts. He placed one part in a simple interest scheme at an annual rate of 10% for ...
A man deposited Rs. ‘x + 850’ at 12% per annum simple interest and earned Rs. 552 as interest after 2 years. Find the interest earned by him if he d...
Relevant for Exams:
