Question
A person invests Rs. ‘a’ in SIP A and Rs. ‘b’ in SIP
A person invests Rs. ‘a’ in SIP A and Rs. ‘b’ in SIP
B. SIP A offers simple interest at 15% per annum, while SIP B offers compound interest at 20% per annum. After 3 years, the interest earned from SIP A is Rs. 5400, which is Rs. 4610 less than the interest earned from SIP B over the same period. Determine the value of (b –
a).
More Simple and compound interest Questions
- Rajesh invests a certain amount at an annual simple interest rate of 8% for 3 years. The total amount he receives after this period is then reinvested at a...
- On a certain sum, the simple interest for 2 years at 10% per annum is Rs 2,000. Find the compound interest on the same sum at the same rate and time, compo...
- A person deposits Rs 12,000 in a savings scheme for 5 years. The scheme offers simple interest at 7% per annum for the first year, 9% per annum for the nex...
- The simple interest earned on a certain sum at 12% per annum for 6 years is equal to 2/5 of the compound interest earned on ₹10,000 at 15% per annum, compo...
- An initial investment of Rs. 10,000 is made at an annual compound interest rate of 10% for 4 years. After 2 years, an additional Rs. 5,000 is invested. Det...
- A person borrowed Rs. 9,300 at 11% p.a. and Rs. 6,700 at 13% p.a. simple interest. If the total interest paid after ‘n’ years is Rs. 5,486, find the value ...
- If certain sum of amount becomes Rs. 9024 in 12 years and Rs. 13536 in 24 years at a certain rate of compound interest, compounded annually then find the s...
- Suresh earned an interest of Rs. 1419 on principal amount of Rs. 4400 at some rate of compound interest in 2 years. How much more/less interest would he ha...
- A sum of money placed at simple interest becomes Rs. 14,400 in 4 years and Rs. 18,000 in 7 years. What is the initial amount invested?
- Virendra invested Rs. 2600 at 20% p.a. simple interest for 3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest...
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
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)