Question
An amount was invested at simple interest for 2 years. If the rate had been 8% higher, the interest would have increased by Rs. 320. What is the principal amount?
More Simple and compound interest Questions
- Asmita invested Rs. 3200 for 2 years at an annual simple interest rate of r%, while Shreya invested the same sum as Asmita for 2 years at an annual compoun...
- A certain sum of money invested at a rate of 48% p.a. amounts to Rs. 20736 at the end of 15 months if the rate of interest is compounded 5 monthly. Find th...
- At simple interest, a sum becomes double of itself in 8 years. In how many years will it become 2.75 times of itself at the same rate?
- What is the interest earned when Rs. 10000 is invested for 2 years in a scheme which offers compound interest (compounded every 12 months) of 20% p.a.
- Raman paid Rs.9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?
- A businessman invested Rs. 60,000 in two schemes. One scheme offers 9% p.a., and the other offers 14% p.a. If the total interest earned from both schemes a...
- 'M' placed a specific amount of money into the 'SBI' Mutual Fund, which provides a 15% per annum simple interest rate. Simultaneously, 'M' invested the sam...
- The difference between simple and compound interest on Rs 2900 at a certain rate in 2 years is Rs 10.44, then what is the annual rate.
- On a sum of Rs 5,000 at 10% per annum for 2 years, what is the difference between compound interest (compounded annually) and simple interest?
- An amount of Rs. 18,000 generates a simple interest of Rs. 4,320 over a period of 2 years. Calculate the simple interest that would be generated if an amou...
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