Question
Rahul borrowed Rs. 30,000 from his friend at compound interest of 10% p.a., compounding annually. He added Rs. 'P' to this money and lent the total sum to Arjun at simple interest of 10% p.a. for 3 years. If total profit earned by Rahul at the end of 3 years is Rs. 1,950, then find the value of 'P'.
More Simple and compound interest Questions
- A man, after making the first investment, earned a total interest of Rs. 1,09,200 at the end of 3 years. He invested a certain amount at an annual compound...
- If Rs. 15000 is invested at 14% per annum, compounded yearly, calculate the interest earned in one year.
- An amount becomes Rs. 11,520 after 3 years at a simple interest rate of r% p.a. If the rate had been increased to (r + 5)% per annum, the same sum would be...
- A sum of money doubles itself in 5 years at simple interest. What is the rate of interest per annum?
- A certain sum of money invested at a rate of 12% p.a. amounts to Rs. 20837.25 at the end of 15 months if the rate of interest is compounded 5 monthly. Find...
- Aman invests his money in schemes A and B offering compound interest at 18% p.a. and 25% p.a. respectively. After two years, the compound interest received...
- What is the interest earned when Rs. 8000 is invested for 18 months in a scheme which offers compound interest (compounded every 6 months) of 20% p.a.
- What is the difference between the compound interest and simple interest on Rs 5000 at 10% per annum for 2 years?
- Rs. 2400 is deposited into scheme 'A' offering a simple interest rate of 25% per annum over a period of 8 years. Simultaneously, Rs. 2500 is placed in sche...
- 'P' allocated different portions of his savings, totaling Rs. 100,000, to three banks. The first portion was invested in Axis Bank at a simple interest rat...
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
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)