Get Started with ixamBee
Start learning 50% faster. Sign in now
ATQ, Amount = Principal × (rate/100) × time + Principal So, amount = 4,000 × (25/100) × 3 + 4,000 Or, amount = Rs. 7,000 Using, A = nx + [(n - 1) + (n - 2) + .... + 1] × Rx ÷ 100 Where, 'A' is the amount, 'n' is the time, 'x' is the amount of each installment and 'R' is rate of interest So, 7,000 = 3x + (2 + 1) × 25x ÷ 100 Or, 7,000 = 3x + 0.25x Or, 7,000 = 3.25x Or, 'x' = (7,000/3.25) ~ 2,154 Therefore, amount of each installment is Rs.2154 (approx.) .
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.
The interest earned when a sum is invested at simple interest of 10% p.a., for 3 years, is Rs. 6000. What will be the total amount received after 2 year...
A man deposited 25% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 y...
A took a loan of Rs.5320 at simple interest of 20% p.a. and invested the same money in a scheme at simple interest of 30% p.a. Find the profit earned by...
Two persons A and B invest money in two schemes. A invests Rs. 6000 for 2 years in R% CI per annum. B invests Rs.7000 for 2 years in 20% CI per annum. I...
A person named 'P' invested Rs. 48,000 in an SIP called 'X', which provides compound interest at a rate of 50% per annum, compoun...
Amit invested ₹8000 into a SIP that earns simple interest at 12% annually for 3 years. Pawan deposited an unknown amount in a S...
The savings of Arun and Bhaskar are same. The difference between the expenditure of Bhaskar and the savings of both Arun and Bhaskar together is 0. The ...
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 ...
