Question
Riya took a loan of Rs. 36,000 from a cooperative bank and decided to return it in two equal yearly instalments. If the interest rate is 30% per annum compounded annually, what will be the value of each instalment?
More Simple and compound interest Questions
- A sum of money amounts to Rs 8400 in 3 years and Rs 9000 in 4 years at simple interest. Find the principal and the rate of interest per annum.
- A certain sum is invested at a simple interest rate of 10% per annum for a certain period. If the sum becomes five times the principal at the end of the pe...
- A vessel contains 120 liters of a mixture of milk and water, with 75% of it being milk. If 30 liters of this mixture is replaced by 30 liters of water, wha...
- A sum of ₹8,500 amounts to ₹11,900 in 5 years at simple interest per annum. If the rate of interest is increased by 3%, then the increased amount for the s...
- Mr. P invested Rs. ‘10x’ in scheme ‘A’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘A’ at the end of 4 years in sch...
- A certain sum at CI amounts to Rs 300 in 3 yr and to Rs 450 in 6 yr. Then the sum is ?
- The compound interest on a certain sum for 2 years at 15% p.a. is Rs. 3225. Find the simple interest on the same sum for the same period and at the same ra...
- Rs. 5000 when invested at simple interest of r% p.a. amounts to Rs. 6000 in 24 months. If the same sum had been invested for 1 year at compound interest of...
- What sum of money must be given at simple interest for 9 months at 5% per annum in order to earn Rs. 360 interest?
- 'X' deposited Rs.24000 at 20% per annum compound interest in SIP 'P' while Rs.18600 at 24% per annum simple interest in SIP 'Q'. What would be his total in...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
