Question
Ravi borrowed Rs. 25,000 from a finance company at a simple interest rate of 12% per annum. If he repaid Rs. 28,000 after ‘m’ months, find the value of ‘m’.
More Simple and compound interest Questions
- X invested Rs. x at 7% per annum simple interest for 5 years and Y invested Rs. (x + 900) at 9% per annum simple interest for 1 year. If the total interest...
- A sum of money amounts to ₹8700 in 2 years at a simple interest rate of 8% per annum. If the same sum is invested at compound interest with the same rate a...
- Mr. Mathur invested Rs. 40,000 with Bank A for 2 years and Rs. 10,000 with Bank B for 4 years at simple interest and earned Rs. 6,000 as interest. Find the...
- Rs. ‘P’ was invested in scheme A at the rate of 30% per annum on compound interest for 3 years. Rs. (P+9875) was invested in scheme B at the rate of 24% pe...
- A sum of Rs 12,000 becomes Rs 15,600 in 3 years at simple interest. Find the rate of interest per annum.
- A certain sum of money becomes 3 times of itself in 10 years at simple interest. In how many years does it become double of itself at the same rate of simp...
- Ravi invests Rs. 'x' in scheme X and Rs. (x + 600) in scheme Y for 4 years each. Schemes X and Y offer simple interest at 12% p.a. and 8% p.a. respectively...
- A principal amount of Rs. 2,000 earns a simple interest of Rs. 375 in 2 years and 6 months. What is the annual rate of interest?
- A certain amount grows to Rs. 9,240 in 6 years at a simple interest rate of r% per annum. If the rate had been (r + 2)% p.a., the amount would have become ...
- A man invested Rs. 12000 in bank A at 10% p.a. compound interest for three years. The interest received from the bank A is Rs. 1472 more than the 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