Question
The difference between the interest payable on a sum invested for three years at 20% compound interest per annum compounded annually and 20% simple interest per annum for the same period is ₹320. What is the value of the sum invested?
More Simple and compound interest Questions
- A sum of Rs. 4000 is invested at simple interest for 2 years. If the rate interest for first year is 15% p.a. while 25% p.a. for second year, then find the...
- A principal amount of ₹5p grows to ₹(5p + 660) in 2 years at an annual interest rate of 20% compounded yearly. Determine the compound interest earned when ...
- Ravi invests Rs. 'x' in scheme X and Rs. (x + 600) in scheme Y for 4 years each. Schemes X and Y offer simple interest at 12% p.a. and 8% p.a. respectively...
- The amount becomes ₹ 1,451.25 in one year on a simple rate of interest. If the rate of interest was 2% higher, the amount would have been ₹ 27 more. What i...
- A man invested certain sum at 8% p.a. simple interest for his son who was 16 years old. If the amount received by the son when he was 25 years old is Rs. 4...
- A sum amounts to Rs. 15,600 in 4 years and Rs. 18,000 in 7 years at simple interest. What is the original principal?
- Neha borrowed some money from Priya at 6% p.a. simple interest for 6 years. After 6 years, she returned the amount to Priya and again borrowed 3/5th of the...
- A sum of Rs. 1,500 is invested at a simple interest rate of 10% per annum for 18 months. If the interest earned is Rs. 'q', find the value of (q - 15).
- A sum when invested at simple interest of 5% p.a. amounts to Rs. 18,000 after 4 years. If the same sum was invested at simple interest of 12% p.a. for 3 ye...
- 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...
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)