Question
A man deposited Rs. 7000 at 10% compound interest, compounded annually while Rs. 6500 at 13% simple interest per annum. What will be the difference between the compound interest and the simple interest earned by him after 3 years?
More Simple and compound interest Questions
- Find the amount on Rs.7500 at 8% per annum for 3 years.
- Rs. 'x' is invested in scheme 'A' offering simple interest such that interest earned after 5 years is Rs. 600. If the amount received is further invested i...
- Ragini borrowed ₹21,600 at a simple interest rate of 18% per annum, while Misthi borrowed ₹51,200 at an annual compound interest rate of 12.5%. Currently, ...
- A man invested certain sum at 9.5% p.a. simple interest for his son who was 14 years old. If the amount received by the son when he was 27 years old is Rs....
- ‘P’, ‘Q’ and ‘R’, each of them invested Rs. 2000 at the rate of 16% p.a., 24% p.a. and 36% p.a., respectively for 8 years, 3 years and 6 years, respectivel...
- X invested M in scheme a that offers __% rate of simple interest and M - 1000 in scheme b that offers __% rate of simple interest. X gets total interest of...
- Arjun borrowed Rs. 11,000 at a simple interest rate of 9% p.a., and Rs. 7,000 at 10% p.a. The total interest paid after ‘n’ years was Rs. 6,260. Find the v...
- The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 25% p.a. for 2 years, is Rs. 120. If Rs. (P...
- Simple interest received at the rate of 10% p.a. for 8 years on a principal amount of Rs. 4500 is twice of the simple interest received at 10% p.a. for 6 y...
- A man invests 40% of a certain amount at a simple interest rate of 17% per annum, 60% of the remaining amount at a simple interest rate of 20% per annum, a...
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
