Question
Jeeva invested Rs. 30,000 at a compound interest rate of 24% per annum, compounded annually, for 2 years. After these two years, she decided to utilize the interest she earned to purchase Tata Stocks. If each unit of Tata Stocks costs Rs. 4,800, how many units of the stock can she acquire using the entirety of her interest earnings?
More Simple and compound interest Questions
- Find the difference between compound interest and simple interest on Rs 5,000 for 2 years at 8% per annum (compounded annually).
- If Rs. 25,000 is loaned at a compound interest rate of 50% per annum, and the interest is compounded once every year, what will the amount be after 2 years...
- Suresh earned an interest of Rs. 1419 on principal amount of Rs. 4400 at some rate of compound interest in 2 years. How much more/less interest would he ha...
- What will be the ratio of simple interest earned on certain amount at the same rate of interest for 3 years and that for 9 years?
- A person invested Rs. x at 20% CI p.a. in scheme A for 2 years. The interest received was reinvested in B for 2 years at 15% SI p.a. The amount received fr...
- A certain sum when invested at simple interest of 15% p.a. amounts to Rs. 28,000 after 5 years. If the same sum is invested at 12.5% p.a. simple interest f...
- The selling price of the book is 20% more than the selling price of the bag and the selling price of the bottle is 20% less than the selling price of the b...
- A sum becomes 2.89 times ot itselt in 2 years when invested at compound interest (compounded annually). What is the annual rate of interest?
- A person 'P' invested Rs. 800 for 2 years at an interest rate of 'a'% per annum, Rs. 450 for 4 years at an interest rate of (a - 2)% per annum, and Rs. 120...
- Ajay invested Rs.a in SI at 5% rate of interest per annum for 8 years. Vishal invested the same amount in SI at 3% rate of interest per annum for 4 years 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
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)