Question
Mark invested Rs 15,000 in a scheme at simple interest 20% per annum. After three years he withdrew the principal amount plus invested the entire amount in another scheme for two years, which earned him compound interest 12% per annum. What would be the interest earned by Mark at the end of five years?
More Simple and compound interest Questions
- An amount becomes Rs. 11,520 after 3 years at a simple interest rate of r% p.a. If the rate had been increased to (r + 5)% per annum, the same sum would be...
- A took loan from a bank at the rate of 12%p.a. simple interest. After 5 years he had to pay Rs.7200 interest only for the period. The principal amount borr...
- A table is available for Rs.350 or for Rs. 150 cash down payment together with Rs.230 to be paid after two months. Find the rate of interest charged under ...
- Vaishali invested Rs. (X + 3000) on compound interest of r% p.a. compounded annually for 2 years and Tanushi invested Rs. (X – 2000) on simple interest of ...
- Meera had Rs. 3500 with her. She invested Rs. ‘c’ at 14% p.a. simple interest for 6 years and the remaining sum at 20% p.a. compound interest, compounded a...
- If Rs. 35,000 amounts to Rs. 42350 in two years compounded annually, find the rate of interest per annum.
- Mr. Sharma invested Rs. 9600 in Scheme 'A', which offers compound interest at a rate of 'r'% per annum, compounded annually for 2 years. After 2 years, he ...
- At what % of simple interest per annum will Rs. 600 amount to Rs. 720 in five years?
- Amit invested Rs. 8,500 for 5 years in a scheme offering simple interest at 10% per annum. He distributed the total amount received by him from the scheme ...
- Akshay invested Rs. 2100 in two schemes P and Q in the respective ratio of 9:5. Scheme P and Q are offering simple interest at the rate of 8% per annum and...
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)