Question
A certain sum of money is invested at simple interest at a rate of R% per annum.
- I When it is invested at this rate R% for 5 years, the interest earned is Rs 11,200. I
- I When the same sum is invested at a rate 2% higher (i.e. (R + 2)% p.a.) for 3 years, the interest earned is Rs 8,400. What is the value of R?
More Simple and compound interest Questions
- A sum of money amounts to ₹6,720 at simple interest in 3 years at 12% per annum. What is the principal ?
- The simple interest received on a certain sum is Rs. 480 less than the sum invested. If the sum was invested at 12% p.a. for 7 years, then find the simple ...
- Rs. 6200 was partly invested in scheme A at 25% per annum compound interest (compounded annually) for 2 years and partly in scheme B at 25% per annum simpl...
- A man invested Rs. 25,000 at simple interest of 12% p.a. If he had instead invested the same sum on compound interest of 12% p.a., compounded annually, the...
- A sum of Rs. 6,000 earns Rs. 1,080 as simple interest in 3 years. What will be the simple interest on Rs. 8,000 for 4 years at the same rate?
- Aman invested Rs. ‘x’ at 9% p.a. and Arjun invested Rs. (x + 400) at 7% p.a. If after 4 years the total simple interest is Rs. 1800, find the value of ‘x’.
- Rs. 9000 is invested in scheme ‘A’ for 2 years and Rs. 7500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 10% p.a. If the int...
- Priya invested Rs. 5,500 in scheme ‘C’ offering simple interest of 12% p.a. After 5 years, she reinvested the interest earned in scheme ‘D’ offering compou...
- A sum is lent on compound interest for 2 years at 14% p.a. If the compound interest on the sum is Rs.5392.8, find the sum.
- Asmita invested Rs. 3200 for 2 years at an annual simple interest rate of r%, while Shreya invested the same sum as Asmita for 2 years at an annual compoun...
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
