Question
Sohan gave Rs. 5000 to Ramesh on simple interest at 12% per annum. After 3 years, he invested the total money received from Ramesh in a plan giving compound interest at 'R%' p.a. (compounded annually) for 2 years. If the final amount received by Sohan is Rs. 8064, find the value of 'R'.(Round off to nearest integer value)
More Simple and compound interest Questions
- Arjun made two investments: the first was Rs. 1,600 at an annual simple interest rate of R% for a period of 2 years, and the second was Rs. 2,000 at an ann...
- A man invested Rs. 16,000 at simple interest of 'x%' p.a. and received Rs. 32,000 after 2 years. If he had invested Rs. 21,000 at simple interest of 'x%' p...
- The difference between compound interest and simple interest at rate of 10% per annum for 2 years is Rs. 120. Find the simple interest obtained on same amo...
- Meena invests Rs. 55,000 in Scheme 'L' and Rs. 32,000 in Scheme 'M'. Scheme 'L' provides simple interest at 11% p.a. for 3 years, and Scheme 'M' offers 10%...
- Anchal allocates a portion of his salary for various purposes. He invests 10% of his salary in a Provident Fund (PF) and then spends 30% of what's left on ...
- The interest earned on investing Rs. 9000 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is later...
- The difference between compound and simple interest on a sum of money for 2 years at 4% per annum is Rs. 626. The sum is:
- The ratio between the interest obtained from scheme L and M in 6 and 4 years is 4:3 respectively. In scheme L, Rs. 6000 was deposited on simple interest at...
- 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. If...
- A sum is invested at a certain rate (p.a.) of compound interest (compounded annually). The interest earned after 1st year and after 2 years of investment i...
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
