Question
On a certain principal, the difference between compound interest (compounded annually) and simple interest at the same annual rate for 2 years is Rs 72. If the rate of interest is 6% per annum, what is the principal (in rupees)?
More Simple and compound interest Questions
- 'V' invested Rs. 15,000 in Provident Fund 'P,' which provides 20% compound interest for two years, compounded annually. He subsequently invested the amount...
- An investor put a sum at 14% per annum for 2 years compounded annually. If instead the interest was compounded half yearly, he would have earned Rs. 112 mo...
- Nidhi invested Rs. 2500 at R% S.I. and Rs. 7500 at (R + 3)% S.I. for 4 years. She paid a total interest of Rs. 4500. Find the rate on Rs. 7500.
- The simple interest on a certain sum of money for 4 years at 16% per annum is 2/5th of the compound interest on Rs. 6000 for 2 years at 20% per annum. The ...
- A man puts Rs. 3,000 in a scheme and gets a simple interest of Rs. 540 in 2 years and 4 months. What is the rate of interest per annum?
- Neha invested Rs. (x + 400) in Scheme A at a simple interest rate of 10% p.a. for 3 years, and she received Rs. 900 as interest. She then invested Rs. 2x i...
- What will be the differnce between SI & CI on Rs. 70000 for 3 years at rate of 40% per annum ?
- '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 ...
- "A person 'P' deposited Rs. ‘a’ in SIP 'A' and Rs. ‘b’ in SIP 'B'. He invested in SIP 'A' for 4 years at a simple interest rate of 5% p.a., while in SIP 'B...
- A sum of Rs. 3700 is invested at simple interest for 2 years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find the...
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
