Question
A man invests a total of ₹50,000 in two schemes A and
A man invests a total of ₹50,000 in two schemes A and
B. Scheme A offers simple interest at 12% p.a. for 3 years. Scheme B offers compound interest at 10% p.a., compounded annually, for 2 years. The interest earned from scheme B exceeds the interest earned from scheme A by ₹1,380. How much money did he invest in scheme B?
More Simple and compound interest Questions
- Diksha invested Rs. x in a scheme that offers compound interest at a rate of 31.25% per annum, compounded annually. The difference between the amount she r...
- A sum of money triples itself in 12 years. Find the rate percent per annum.
- 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...
- Varun borrowed Rs. 8000 at 10% p.a. compound interest, compounded annually for 2 years. He lent the entire principal amount at 'R'% p.a. simple interest fo...
- Tina invested Rs. ‘x’ at 14% p.a. simple interest and Tanu invested Rs. (x + 700) at 11% p.a. If the total interest after 1 year is Rs. 615, find the value...
- A person invests Rs. 2,400 at simple interest and receives Rs. 288 as interest in 1 year and 8 months. What is the rate of interest per annum?
- What would be the annual interest accrued on a deposit of Rs.24,550 in a bank that pays a 22% per annum rate of simple interest?
- The compound interest (compounded annually) on Rs 8200 for 2 years at R% p.a is Rs 1722. Had the rate of interest been (R+10)% p.a what would have been the...
- A person 'P' invested Rs. 800 for 2 years at an interest rate of 'a'% per annum, Rs. 450 for 4 years at an interest rate of (a - 2)% per annum, and Rs. 120...
- A certain amount was deposited at a fixed rate of simple interest per annum. The amount after 6 years became (105/84) times the amount it had become in 4 y...
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)