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Let the sum invested by Rishi be Rs. 'x' So, the interest received by him after 2 years = (x X 2 X 0.30) = Rs. '0.6x' Hence, total amount received after 2 years = Rs. (0.6x + x) ATQ, Or, 1.6x = 7200 So, 'x' = 4500 Amount = Principal X {1 + (Rate/100) }Time Since, rate of interest is compounded half yearly, so rate = (30/2) = 15% And, Time period = (1 X 2) = 2 Therefore, required amount = 4500 X {(1 + (15/100) }2 = 4500 X (23/20) 2 = Rs. 5951.25
Rs.5400 is divided into two parts such that if one part be invested at 6% and the other at 9%, the annual interest from both the investments is Rs. 435....
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The simple interest on a sum of Rs X in 5 years is (2/5)of the principal. What is the annual rate of interest?
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 ...
Find the compound Interest on Rs. 8,000 @15 % p.a for 2 years 4 month Compounded annually?
A person invested ₹15,000 in two schemes, Scheme A offering 10% per annum simple interest, and Scheme B offering 12% per annum simple interest. If the...
If the difference between the simple interest and compound interest, compounded annually, on Rs. 40,000 at (r + 4)% rate of interest for 2 years is Rs. ...
A certain sum of money becomes Rs. 1500 in 1 year and 2800 in 3 years at certain rate of simple interest. Find the sum of money invested.
Rs. 10000 when invested at simple interest of r% p.a. amounts to Rs. 12000 in 24 months. If the same sum had been invested for 1 year at compound intere...
The difference between compound and simple interest on a sum of money for 2 years at 5% per annum is Rs. 664. The sum is:
