Quick revision: Simple & Compound InterestRules, shortcuts, how it is asked, worked examples and traps›
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3 Aug 2024 · Shift 1
Bankersadda/Adda247
Q-SICI-24Q.68
A invested Rs P at rate of 5% p.a. for two years on simple interest and B invested Rs P+1000 at rate of 10% p.a. for three years on simple interest. If the difference between interest received by A and B is Rs 1300, then find the value of P (in Rs.)
(a) 4000
(b) 7500
(c) 10000
(d) 5000
(e) 8000
4 Aug 2024 · shift not stated
Bankersadda/Adda247
Q-SICI-25Q.75
A man invested Rs 20000 in two different schemes, i.e., A and B. Schemes A and B offer 10% and 20% p.a. compound interest respectively for two years. If the ratio of the total amount received by man from schemes A to B is 11:16, then find the amount invested in the scheme B.
(a) Rs 9000
(b) Rs 11000
(c) Rs 14000
(d) Rs 8000
(e) None of these
Q-SICI-26Q.77
A man invested of Rs P in simple interest at R% p.a. for two years and received interest of Rs 320. If he invested same sum in simple interest at 5% p.a. for 8 years and received amount of Rs 2240, then find R.