Sharad invested equal amounts in 2 schemes A and B at the same rate of interest. Scheme A offers S.I while scheme B offers compound interest. After 2 years he got Rs.2000 from scheme A as interest and Rs.2250 from scheme B. If the rate of interest is increased by 4%. What will be the total interest after two years from both schemes?

Sharad invested equal amounts in 2 schemes A and B at the same rate of interest. Scheme A offers S.I while scheme B offers compound interest. After 2 years he got Rs.2000 from scheme A as interest and Rs.2250 from scheme B. If the rate of interest is increased by 4%. What will be the total interest after two years from both schemes?
1). Rs. 2320.4
2). Rs. 5000
3). Rs. 4976.4
4). Rs. 4000

---

Join Telegram Group

Answer This Question
Name:
Email:
Answer :
Sum of (3+5)
Submit:

Other Questions

1. On a sum of Rs. 6500, if the difference between the simple interest after 5 years and 2 years is Rs. 1560, find the rate of interest. 

2. If the difference between the compound interest and the simple interest on a sum of money is 0.0625 times of itself in 2 years. What is the rate of interest?

3. In the beginning of the year 2001, Mr. X invest some amount in a bank, In the beginning of 2004, the accumulated interest is Rs. 10000 and in the beginning of 2007, the accumulated interest becomes Rs. 25000. The interest rate is compounded annually and annual interest rate is fixed. The principle amount is:

4. A sum of money at simple interest amounts to Rs. 645.3 in 3 years and to Rs. 680.4 in 4 years. The sum is:

5. If the simple interest on a certain sum of money at 15% p.a. for 2 years is Rs. 8,100 then what is the compound interest on the same sum for 2 years at the same rate?

6. Ashok wants to make an FD for 10 years at simple interest such that he gets back twice the amount the FD amount. What should the rate of interest be? 

7. A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs. 250 less than the sum lent. What was the sum lent (in Rs)?

8. If in 2 years at simple interest the principal increases by 16%, what will be the compound interest earned (in Rs.) on Rs. 25,000 in 2 years at the same rate?

9. The simple interest on a sum of 4 years is one - fifth of the sum. The rate of interest per annum is?

10. A sum amounts to Rs. 2420 in 2 years when invested at compound interest. If principal is Rs. 2000, then what is the rate of interest (in %)?