Question
An investment of Rs. 8,430 is made in a Mutual Fund, offering a 10% per annum simple interest rate for 'p' years, while another investment of Rs. 8,800 is made in a Systematic Investment Plan (SI
- P , offering a 20% per annum simple interest rate for 'p - 3' years. If the total interest earned from both the Mutual Fund and SIP amounts to Rs. 10,338, can you calculate the value of 'p'?
More Simple and compound interest Questions
- 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...
- Aman invested Rs. x at a simple interest rate of 15% per annum. If after 6 years, the total interest earned was Rs. ‘2x – 1800’, then find the value of x.
- A sum becomes 13 times of itself when invested for 60 years at r% simple interest per annum. Find the compound interest earned if Rs. 20,000 is invested at...
- Rama and Dipak each invested a sum of ₹8000 for a period of two years at 15% compound interest per annum. However, while for Rama the interest was compound...
- In how much time will a sum of Rs. 5250 amounts to Rs. 9870 at the rate of 11 percent per annum at simple interest?
- A man deposited Rs. ‘x + 1000’ at 12% per annum simple interest and earned Rs. 528 as interest after 2 years. Find the interest earned by him if he deposit...
- What will be the amount if a sum of Rs. 5000 is placed at compound interest for 3 years while the rate of interest for the first, second and third years is...
- The difference between compound and simple interest on a sum of money for 2 years at 25% per annum is Rs. 880. The sum is:
- A sum doubles in 8 years at compound interest. In how many years will it become 4 times?
- Shivam invested 24000 at 15% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.26400. What is the value of...
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)