Question
Ajay lent Rs. 80,000 to Rahul at compound interest of 5% p.a. (compounded annually) for 2 years. Rahul tricked Ajay by paying simple interest instead. Find the difference in interest.
More Simple and compound interest Questions
- Soham invested Rs. 32,000 partly in schemes ‘I’ and ‘J’ for 4 years and 6 years, respectively. Scheme ‘I’ offers simple interest at 18% per annum, while sc...
- Priya invested Rs. 5,500 in scheme ‘C’ offering simple interest of 12% p.a. After 5 years, she reinvested the interest earned in scheme ‘D’ offering compou...
- A certain sum of money yields Rs. 9,930 as compound interest for 3 years at 10% per annum. The sum is (in rupees).
- Rama and Dipak each invested a sum of ₹8000 for a period of two years at 15% compound interest per annum. However, while for Rama the interest was compound...
- A certain amount becomes four times itself when invested at r% per annum simple interest for 12 years. What is the value of r?
- A sum of money becomes Rs. 6500 in 3 years at 10% simple interest per annum. Find the principal and the interest earned.
- A certain sum is invested at a compound interest rate, compounded annually, which grows to Rs. 12,240 after 2 years and to Rs. 17,625.6 after 4 years. If 8...
- A sum of Rs 12,000 becomes Rs 15,600 in 3 years at simple interest. Find the rate of interest per annum.
- Suresh deposited Rs. 25,000 in scheme ‘A’ which offers simple interest of 8% p.a., for 4 years and Rs. 5,000 in scheme ‘B’ which offers simple interest of ...
- The difference between the simple and compound interest compounded annually of a sum at 12% p.a. for 2 years is Rs. 180. Find the sum.
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
