Question
The difference between compound interest and simple interest on a sum of Rs. 20,000 for 2 years at the same rate is Rs. 200. What is the annual rate of interest?
More Simple and compound interest Questions
- An amount of Rs. ‘P’ was invested at an interest rate of ‘R%’ per annum, compounded annually. After 2 years, the compound interest earned was Rs. 2700 and ...
- Simple interest earned on an amount of Rs. 2700 at rate of R% per annum after 4 years is Rs. 270. Find the simple interest earned on an amount of Rs. 1800 ...
- An amount of Rs. ‘y’ was invested on (R-2)% per annum on simple interest and at the end of 6 years an amount of Rs. 23100 was obtained as an interest. If t...
- The certain sum amounts to Rs 12644.5 in 2(1/2) years at 12% p.a., interest compounded 10 months. The sum (in Rs) is:
- A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
- The simple interest on Rs.P for 3 years at 15% per annum is Rs.900 more than the compound interest on Rs.(P – 2400) for 2 years at R% per annum. If the sim...
- A took loan from a bank at the rate of 12%p.a. simple interest. After 5 years he had to pay Rs.7200 interest only for the period. The principal amount borr...
- The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 20% p.a. for 2 years, is Rs. 12...
- A sum was put at simple interest at a certain rate for 2 years. If it had been put at 4% higher rate, it would have fetched ₹480 more. Find the sum
- An individual invested an amount of money in a financial scheme that accrues compound interest at an annual rate of 30%, compounded yearly. After 2 years, ...
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