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Let the amount borrowed by Piyush from Vivek be Rs. ‘x’ So, the amount borrowed by Piyush from Rajan = Rs. (2x/3) x + (2x/3) = 25000 5x = 75000 x = Rs. 15000 Money to be repaid to Vivek = 15000 + (15000 × 0.08 × 2) = Rs. 17400 Money to be repaid to Rajan = {(2 × 15000)/3} + {(2 × 15000)/3} × 0.12 × 2 = 10000 + 10000 × 0.24 = Rs. 12400 Total amount to be repaid by Piyush = 17400 + 12400 = Rs. 29800
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What will be the ratio of simple interest earned on certain amount at the same rate of interest for 6 years and that for 16 years?
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Aman invested Rs. 'a' and Rs. (a + 2300) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If...
A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1400 and simple interest of Rs.1250 at the end of 2 year...
Raj invested Rs. ‘5y’ in scheme ‘C’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘C’ at the end of 3 ...
John invested Rs. (P-4000) and Rs. (P+5000) in scheme A and scheme B respectively. The rate of interest in scheme A and B is (R+1)% and (R-1)% respectiv...
A sofa of MRP 2500 is available in Rs.500 cash down payment and 9 monthly equal installment of Rs.250 each. Find the rate of interest per annum.
