Question
Arjuna deposited Rs.90,000 in an
SIP that offers simple interest at a rate of 10% per annum for 3 years. Had he deposited the same amount for 2 years in another SIP offering compound interest at a rate of 20% per annum, how much more interest would he have received?Solution
ATQ, \Simple interest earned from the SIP = (90000 × 10 × 3)/100 = Rs. 27000 Compound interest earned from another SIP = 90000 × {(1.2)2 – 1} = Rs. 39600 Required difference = 39600 - 27000 = Rs.12600
More Simple and compound interest Questions
√3598 × √(230 ) ÷ √102= ?
Simplify the following expressions and choose the correct option.
45% of 640 + (2/5 of 350) = ?
√225 + 27 × 10 + ? = 320
32 X 25 ÷ 4 + 12 of 30 = ? X 5 - 30Â
1440 ÷ 12 + 540 ÷ √36 + ? = 180 * 3
4567.89 - 567.89 - 678.89 = ?
- What will come in place of the question mark (?) in the following questions?
18×4+96÷8=? ((12+12+12+12)÷4)/((8+8+8+8+8+8)÷16) = ?
9999² + 1111² =?
- What will come in the place of question mark (?) in the given expression?
(120 - ?) ÷ 2 + 35 = 86 - 11
