Question
On a certain sum, the simple interest for 2 years at 10% per annum is Rs 1000. Find the difference between the compound interest and simple interest on the same sum, at the same rate and for the same period.
More Simple and compound interest Questions
- If an amount of Rs. 'x' is invested at an annual compound interest rate of 20%, it grows to Rs. 'x + 2200' after 2 years. Calculate the value of 'x + 2200'...
- Karan had Rs. 10000 with him. He invested 50% of the sum at 9% p.a. and the rest at 12% p.a., both at simple interest for 2 years each. Find the total inte...
- A person invested Rs. P on simple interest at the rate of 15% for 5 years, and he invested Rs.(P + 100) at 10% compound interest for 2 years. The total int...
- Calculate the compound interest earned on investing Rs. 20,000 at 25% per annum compounded annually for 2 years.
- Akshay invested Rs. 1050 in two schemes P and Q in the respective ratio of 5:2. Scheme P and Q are offering simple interest at the rate of 8% per annum and...
- At what rate of simple interest per annum will a sum of money become double in 12 years?
- The amount becomes ₹ 1,451.25 in one year on a simple rate of interest. If the rate of interest was 2% higher, the amount would have been ₹ 27 more. What i...
- Alisha had Rs. 7500 with her. She invested 20% of the sum at 7% p.a. and the rest at 13% p.a., both at simple interest for 6 years each. Find the total int...
- A sum of money grows to Rs. 1560 when invested at a simple interest rate of 15% per annum for 2 years. What will be the total amount received if the same s...
- "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...
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
