Question
A man invests a sum of money in two schemes: Scheme A offers 12% simple interest per annum, and Scheme B offers 15% compound interest per annum. He invests ₹50,000 in Scheme A for 3 years and ₹40,000 in Scheme B for 2 years. What is the total amount he receives after 3 years from both schemes?
More Simple and compound interest Questions
- An amount of Rs. 'x' is invested at a simple interest rate of 15% per annum and grows to Rs. 14,500 after 3 years. If the same amount Rs. 'x' is instead in...
- What will be the compound interest earned on an investment of Rs. 20,000 over a period of 3 years at an annual interest rate of 12%, compounded yearly?
- On a certain sum, the simple interest for 2 years at 10% per annum is Rs 1000. Find the difference between the compound interest and simple interest on the...
- ₹2,500, when invested for 8 years at a given rate of simple interest per year, amounted to ₹3,725 on maturity. What was the rate of simple interest that wa...
- A certain amount was deposited at compound interest of x% per annum, compounded annually. It grows to Rs. 6400 in 2 years and Rs. 9216 in 3 years. Determin...
- Abhishek allocates Rs.1600 each into two different investment schemes, A and B. Scheme A provides simple interest annually at a rate of (R-2)%, while schem...
- The difference of S.I and C.I on an amount of Rs. 40000 for 2 years is Rs. 64. What is the rate of interest?
- "R" put Rs.(r + 5000) into a SIP that offered 12% annual simple interest for four years. He also made a three-year investment of Rs. (r - 5000) in the same...
- Krishna invests a certain amount at an annual simple interest rate of 9% for 2 years. The total amount he receives after this period is then reinvested at ...
- A sum of Rs. 5,000 is invested in scheme A for 2 years at compound interest (compounded annually) at R% p.a. and becomes Rs. 6,050. If the same rate of int...
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)