Question
Rs. 6500 is invested in scheme ‘A’ for 2 years and Rs. 6500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 14% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme ‘B’.
More Simple and compound interest Questions
- At simple interest, a sum of Rs 6,000 becomes Rs 7,080 at 8% per annum. For how many years was the money invested?
- A person borrows money from a lender at a 16% p.a. simple interest. If he repaid Rs. 6,960 after 48 months to settle the loan, find the principal amount.
- A sum of Rs.80 is lent to be returned in 90 months installments of Rs.10 each, interest simple. The rate of interest is: -
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- An amount becomes seven times of itself in 48 years at simple interest. Find the value of (5R − 15), where R is the rate of interest per annum.
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- ‘P’ invested Rs. 5000 for (y + 3) months, while ‘Q’ invested Rs. 1500 more than ‘P’ for (y - 1) months, in a business. If profit received by ‘Q’ out of tot...
- If a sum when placed at compound interest grows to Rs.6,400 in 2 yrs and to Rs. 8,000 in 3 yrs, find the rate percent p.a.
- A sum amounts to Rs 3900 in 2 years at 15% per annum simple interest. Find the principal.
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