Question
A sum of Rs. 5,000 is invested in scheme A for 2 years at compound interest (compounded annually) at R% p.a. and becomes Rs. 6,050. If the same rate of interest is applied to a sum of Rs. 8,000 in scheme B at simple interest for 5 years, find the simple interest earned from scheme
A sum of Rs. 5,000 is invested in scheme A for 2 years at compound interest (compounded annually) at R% p.a. and becomes Rs. 6,050. If the same rate of interest is applied to a sum of Rs. 8,000 in scheme B at simple interest for 5 years, find the simple interest earned from scheme
B.
More Simple and compound interest Questions
- A sum of Rs. 3500 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find the...
- Rohit deposited Rs. ‘x’ in a bank at 8% compound interest per annum for 3 years, compounded annually. If he earned an interest of Rs. 2,597.12, find the va...
- Mr. X invested Rs. 1200 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 9% per annum and ...
- 'A' borrows Rs. 600 at the rate of 15% p.a. simple interest, and 'B' borrows Rs. 800 at the rate of 10% p.a. simple interest. In how many years will their ...
- A woman invested Rs. 'x + 500' at 8% per annum simple interest and received Rs.360 as interest after 3 years. Calculate the interest she would earn if she ...
- A sum of Rs 12,000 is invested at 7% simple interest per annum. In how many years will the interest amount be Rs 5,040?
- A bank offers interest at the rate of 10% per annum, compounded half yearly. Find the interest received at the end of the year on a sum of Rs. 30000.
- Amit lent Rs. 25,000 to Rohit at compound interest of 10% p.a. (compounded annually) for 2 years. Rohit however paid him back at simple interest instead of...
- Simple interest earned on an amount of Rs.1600 at rate of R% per annum after 3 years is Rs.336. Find the simple interest earned on an amount of Rs.1500 at ...
- Rs.9000 is divided into two parts such that if one part be invested at 5% and the other at 7%, the annual interest from both the investments is Rs. 580. Fi...
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)