Simple interest earned on an amount of Rs.1500 at rate of R% per annum after 4 years is Rs.240. Find the simple interest earned on an amount of Rs.1800 at rate of (R + 5)% per annum after 3 years.
According to question, => 240 = 1500 × R% × 4 => R = 240/60 = 4 Therefore, required interest = 1800 × (4 + 5)% × 3 = Rs.486
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Meera deposited Rs. ‘W’ in a bank offering compound interest of 9% p.a. compounded annually. After 3 years, she invested the amount received from th...
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What is the principal amount?
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Statement II : T...
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Rs. ‘P’ was invested in scheme A at the rate of 30% per annum on compound interest for 3 years. Rs. (P+9875) was invested in scheme B at the rate of...
