Question
Sneha deposited Rs. ‘R’ in a bank offering compound interest of 13% p.a. compounded annually. After 3 years, she invested the amount received from the bank in scheme ‘M’ and ‘N’ in the ratio of 4:3 respectively. Scheme ‘N’ offers compound interest of 17% p.a. compounded annually while scheme ‘M’ offers simple interest of 16% p.a. If total interest received by her from schemes M and N together at the end of 2 years is Rs. 3564, then find the value of ‘R’.
More Simple and compound interest Questions
- Rs. 9000 is invested in scheme ‘A’ for 2 years and Rs. 7500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 10% p.a. If the int...
- A principal amount of Rs. 2,000 earns a simple interest of Rs. 375 in 2 years and 6 months. What is the annual rate of interest?
- Rs. 2,800 is invested in three parts all at simple interest of 5% p.a. These three parts are invested randomly for 1 year, 2 years and 4 years such that th...
- A certain sum of money becomes 2500 in 6 years and Rs. 3240 in 10 years at any certain rate of simple interest. Find the principal amount.
- Calculate the final amount Poonam will receive if she invests Rs. 2,500 at a compound interest rate of 80% per annum, compounded quarterly, over a period o...
- Find the simple interest on Rs 6000 at 8% per annum for 2.5 years.
- Rs. 85Y when invested for 4 years at simple interest of 11% p.a., yields an interest of Rs. 2992. If Rs. 105Y is invested for 3 years at compound interest ...
- The difference between the interest received on a certain sum at the rate of 24% p.a. and 20% p.a. respectively at simple interest for two years is Rs. 400...
- Anjali invested Rs.14000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from the...
- If Rs. 8,000 grows to Rs. 10,960 in 2 years at simple interest, what is the yearly interest rate?
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)