Question
A sum of ₹20,000 is invested at 10% per annum compound interest , compounded annually, for 2 years . What is the compound interest earned?
More Simple and compound interest Questions
- Suresh invested Rs. 12,000 at simple interest of 5% p.a. If he kept withdrawing Rs. 2,000 after every one year, then find the total interest earned by Sure...
- Simple interest on Rs. 900 at R% per annum after 6 years is Rs. 324. Find the simple interest on Rs. 1600 at (R + 6)% per annum after 2 years.
- Simple interest received at the rate of 15% p.a. for 2 years on a principal amount of Rs. 9000 is twice of the simple interest received at 10% p.a. for 6 y...
- Rs. 4960 was partly invested in scheme A at 20% per annum compound interest (compounded annually) for 2 years and partly in scheme B at 20% per annum simpl...
- Sohan gave Rs. 5000 to Ramesh on simple interest at 12% per annum. After 3 years, he invested the total money received from Ramesh in a plan giving compoun...
- Someone puts Rs. 18,000 in a scheme offering simple interest at ‘x%’ annually and receives Rs. 22,500 after 2.5 years. If he had instead invested Rs. 15,00...
- Raman deposited Rs. 16000 at a compound interest rate of 20% per annum, while he deposited Rs. 12000 at a simple interest rate of 30% per annum. After two ...
- Mr. P invested Rs. ‘2x’ in scheme ‘A’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘A’ at the end of 4 years in sche...
- Rs. 8000 is invested in scheme ‘A’ for 3 years and Rs. 4000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 6% p.a. If the inte...
- Mitch placed Rs. 32,000 in a compound interest account with an annual rate of 30%, compounded semi-annually. After investing for a period of 15 months, cal...
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
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)