Get Started with ixamBee
Start learning 50% faster. Sign in now
Recurring Deposit schemes allow customers with an opportunity to build up their savings through regular monthly deposits of fixed sum over a fixed period of time. Minimum Period of RD is 6 months and maximum is 10 years.
The difference between compound and simple interest on a sum of money for 2 years at 25% per annum is Rs. 880. The sum is:
A person invests ₹40,000 at a simple interest rate of 5% per annum for 2 years and reinvests the total amount, including interest, in a scheme offerin...
Atul has Rs.400 with him. He invested 40% of the amount at 4% p.a. for 5 years and rest at 15% p.a. for 3 years. Find the sum of simple interests receiv...
A certain sum of money becomes Rs. 1960 in 1 year and 3000 in 3 years at certain rate of simple interest. Find the sum of money invested.
A sum of Rs. 10,000 is invested at a rate of 8% per annum for 3 years. What will be the difference between the compound interest compounded annually and...
Person K invested Rs. 4500 at a compound interest rate of 20% per annum (compounded annually) for 2 years, while person P investe...
A sum of ₹12,000 is invested for 3 years at a certain rate of simple interest. If the same sum was invested at the same rate for 2 years under compoun...
By investing Rs. 6,000 for 'a' years at an annual compound interest rate of 15%, the interest gained amounted to Rs. 1,935. Determine the simple interes...
The interest received by investing Rs. 3000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple int...
An initial investment of Rs. 10,000 is made at an annual compound interest rate of 10% for 4 years. After 2 years, an additional Rs. 5,000 is invested. ...
