Question
Rohit borrowed Rs. 15,000 from his friend at compound interest of 20% p.a., compounding annually. He added Rs. 'X' to this money and lent the total sum to Suresh at simple interest of 10% p.a. for 2 years. If total profit earned by Rohit at the end of 2 years is Rs. 1,200, then find the value of 'X'.
More Simple and compound interest Questions
- A sum of ₹5,000 is invested at 8% simple interest per annum for 3 years. After 3 years, the interest is reinvested at 6% compound interest for 2 years. Fin...
- Rohit invested a sum on compound interest at 'R%' per annum (compounded annually), which amounts to ₹8,000 and ₹11,520 in 2 years and 4 years respectively....
- A sum of Rs. 9,600 earns a simple interest of Rs. 1,920 in 2 years at a certain annual rate. What will be the simple interest on Rs. 12,000 for 4 years at ...
- A total amount is divided among A, B, and C in the ratio 7:6:5 respectively. The amount received by C is Rs. 330 less than the average of amounts received ...
- A person borrowed Rs. 50,000 at a rate of 12% per annum for one year. He then lent it out as two separate loans to D and E. He lent Rs. 20,000 to D at 20% ...
- Compound interest on a certain sum of money for 2 years is Rs.5160 while the simple interest on the same sum for the same time period is Rs.4800. Find the ...
- A sum of money will amount to Rs. 250 in 2 year & in 3 year it is to be 350 in compound interest . Find the rate of interest?
- Rahul secures a loan amounting to Rs. 8,800 from a bank, which charges an annual simple interest rate of 20%. He then allocates this sum into an investment...
- Mr. Ajay invested in two schemes A and B contributing compound interest @ 5% pa and 7% pa respectively. If the entire amount of interest in two years was ₹...
- A man invests Rs X in a scheme at 12% rate of interest for 8 years. After 8 years he reinvests the amount received at same rate of interest for same time d...
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