Question
A bank provides a loan at the rate of 5% per annum to a trader on an amount of 12,50,000 for 5 years. The simple interest to be paid is:
More Simple and compound interest Questions
- Simple interest on a sum for 2 years is Rs. 300 and compound interest for same period is Rs. 315. Find the principal. (Rate of interest is same for both.)
- Priya put Rs. 6,800 in a scheme offering simple interest at 8% p.a. for 4 years. What will be the total amount she gets?
- A man deposited Rs. 8500 in a bank offering compound interest of 20% p.a. compounded annually for first 2.5 years and after that simple interest of 25% p.a...
- Simple interest on Rs 18,000 at R% per annum for 4 years is Rs 10,800. Find the value of (R + 5).
- A man took a loan at a rate of 18% per annum simple interest. After 42 months, he paid Rs. 9,240 to clear his dues. Find the initial loan amount.
- If the difference between the simple interest and compound interest, compounded annually, on Rs. 40,000 at (r + 4)% rate of interest for 2 years is Rs. 256...
- A sum of Rs. 20000 was invested in a scheme. The rate of simple interest offered for three years was 10%, 6% and 4% per annum respectively. After three yea...
- There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 16,000 after 3 years at the same rate?
- 'X' deposited Rs.24000 at 20% per annum compound interest in SIP 'P' while Rs.18600 at 24% per annum simple interest in SIP 'Q'. What would be his total in...
- Invest Rs. 1,800 at an annual compound interest rate of 'R%.' After two years, the interest accrued is Rs. 792. Determine the rate 'R.'
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)