Question
A man invests a total of Rs 10,000 in two schemes:
- I Scheme A: Simple interest at 10% p.a. for 2 years. I
- I Scheme B: Compound interest at 20% p.a., compounded annually, for 2 years. The interest earned from Scheme B is Rs 560 more than the interest earned from Scheme A. How much money (in rupees) did he invest in Scheme B?
More Simple and compound interest Questions
- Calculate the principal amount 'x' for which the simple interest accrued over 5 years at an annual rate of 24% is equivalent to the compound interest earne...
- A person lent a sum at simple interest for 6 years. If the rate had been 5% more, he would have earned Rs. 750 extra. What was the principal?
- Find the simple interest on Rs 3,000 at 6% per annum for 4 years. Also find the amount.
- An individual 'P' received Rs. 6,750 as interest by investing Rs. 15,000 at a simple interest rate of 18% per annum for 'x' months. If the same amount was ...
- Rs. 5000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 25 less than the inter...
- Amit took a loan of Rs. 36000 at 10% per annum simple interest for 3 years. He invested the full amount in a scheme offering 13% p.a. simple interest for 3...
- In scheme A and B, Rs. ‘z’ and Rs. ‘(z+5000)’ were invested at the rate of (R-6)% and ‘R’% per annum on simple interest. After two years, the ratio between...
- The interest received by investing Rs. 2000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple intere...
- Elvish invested Rs. 5000 in a compound interest scheme for 2 years at an annual interest rate of m%. If the compound interest obtained was Rs. 1272, find t...
- Rs. 2800 when invested at 8% p.a. for (x + 5) years gives a simple interest of Rs. 4480. Find the amount received when the same sum is invested at 5% p.a. ...
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)