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
- Rohan deposited Rs. ‘Y’ in a bank offering compound interest of 10% p.a. compounded annually. After 3 years, he invested the amount received from the bank ...
- A sum is lent on compound interest for 2 years at 9% p.a. If the compound interest on the sum is Rs.2445.3, find the sum.
- A principal of Rs. 7,500 earns Rs. 1,125 as simple interest in 3 years. What will be the simple interest on Rs. 9,000 for 5 years at the same rate?
- Alisha had Rs. 7500 with her. She invested 20% of the sum at 7% p.a. and the rest at 13% p.a., both at simple interest for 6 years each. Find the total int...
- A sum of money gets six times in 8 years , in how many years it will be 216 times in CI?
- The ratio of investment of A and B is 6:7 respectively. If the rate of interest for both A and B is 12% p.a and time duration for A and B is 5 years and 4 ...
- A sum is invested at a certain rate (p.a.) of compound interest (compounded annually). The interest earned after 1st year and after 2 years of investment i...
- Mandeep took a loan of Rs. 7,300 from his friend Sandeep on 16th March. The loan accrues simple interest at an annual rate of 20%. Calculate the total amou...
- An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (compo...
- A deposited Rs. 3000 at 10% per annum compound interest in scheme A for 2 years. After 2 years, he deposited total amount at 12% simple interest per annum ...
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)