Curioustab

Home » Aptitude » Simple Interest

Albert invested an amount of x rupees in a fixed deposit scheme offering 10% per annum for 1st year and 15% per annum for 2nd year and received an amount of Rs 20,240 after the two years. What is x (in Rs)?

15000
16000
14000
18000

Correct Answer: 16000

← Previous Question Next Question→

More Questions from Simple Interest

The simple and compound interest that can be earned in two years at the same rate is Rs 1,000 and Rs 1,040 respectively. What is the rate (percent per annum) of interest?
If in 2 years at simple interest the principal increases by 18%, what will be the compound interest (in Rs) earned on Rs 7000 in 3 years at the same rate?
If in 3 years at simple interest the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs 15 lakhs in 3 years at the same rate?
A invested an amount of x rupees in a bank for 2 years which gave 5% interest in year 1 and 6% interest in year 2. The amount received after 2 years is Rs 24,486. What is the value of x?
he difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 8% per annum is Rs 40. What is the sum?
A sum fetched a total simple interest of Rs. 9648 at the rate of 12% per year in 6 years. What is the sum?
Dev lent Rs. 8000 to Jairam for 17 years and Rs. 4700 to Karnik for 16 years on simple interest at the same rate of interest and received Rs. 21120 in all from both of them as interest. The rate of interest per annum is:

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion