Question
P invests Rs. 5,500 on compound interest at 16% p.a. (compounded semiannually) for 1 year. Find the interest earned by 'P'.
Or, compound interest = 5,500 × (1.08)2 - 5,760 Or, compound interest = 6,415.2 - 5,760 = Rs. 655.20More Simple and compound interest Questions
- A sum is lent on compound interest for 2 years at 13% p.a. If the compound interest on the sum is Rs.4153.5, find the sum.
- Gaurav invested Rs. 9000 in a compound interest scheme for 2 years at an annual rate of q%. If he received Rs. 1980 as compound interest, find the rate of ...
- An amount of Rs. 7200 is invested at 30% p.a. simple interest for 5 years. The interest gained is then deposited at 10% p.a. compound interest for 2 years....
- Asmita invested Rs. 3200 for 2 years at an annual simple interest rate of r%, while Shreya invested the same sum as Asmita for 2 years at an annual compoun...
- 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 ...
- At what rate percent compounded yearly will Rs. 5000 amount to Rs 5408 in 2 yrs?
- A borrowed Rs. 6500 from B for his business. How much amount A will return to B at the end of 48 months such that the sum was borrowed at simple interest o...
- The difference between C.I and S.I on a certain sum for 3 years is Rs. 122 at 5% p.a. Then find the sum?
- An amount becomes Rs. 9,360 in 3 years when invested at simple interest at the rate of r% per annum. If the interest rate had been (r + 4)% per annum, the ...
- A farmer wants to divide Rs 2,81,800 between his sons , who are 17 and 19 years old respectively, in such a way that the sum divided at the rate of 12% per...
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)