Question
'A' borrows Rs. 600 at the rate of 15% p.a. simple interest, and 'B' borrows Rs. 800 at the rate of 10% p.a. simple interest. In how many years will their amounts be equal?
More Simple and compound interest Questions
- sum invested at a certain rate of compound interest, compounded annually amounts to Rs.12,240 after 2 years and amounts to Rs. 17,625.6 after 4 years. If 6...
- Akshay invested Rs. 1560 in two schemes P and Q in the respective ratio of 9:4. Scheme P and Q are offering simple interest at the rate of 10% per annum an...
- The simple interest on a sum for 2 years at r% per annum is Rs 500 and the compound interest (compounded annually) on the same sum for 2 years at the same ...
- A woman invests Rs. 10,000 in a bank offering 10% p.a. compound interest for the first 3 years and then 15% p.a. simple interest for the rest of the period...
- Rs. 5000 is invested in scheme ‘A’ for 2 years and Rs. 8000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 16% p.a. If the int...
- Amit invested ₹8000 into a SIP that earns simple interest at 12% annually for 3 years. Pawan deposited an unknown amount in a SIP with a simple interest ra...
- A person invested some amount at the rate of 12% simple interest and a certain amount at the rate of 10% simple interest. He received yearly interest of Rs...
- Arjun borrowed Rs. 5000 at R% S.I. and Rs. 6000 at (R + 5)% S.I. for 2 years. The total interest paid was Rs. 2800. Find the rate at which he borrowed Rs. ...
- Shankar borrowed Rs. 7,200 at simple interest and repaid an amount of Rs. 9,504 after 7 years. If the interest rate p.a charged for first 4 years was 5% p....
- What is the difference between the simple interest earned on an investment of Rs. 16,200 for 5.5 years at an annual interest rate of 8%, and the total 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