The equal amounts of money are deposited in two banks each at 15% per annum for

Question

The equal amounts of money are deposited in two banks each at 15% per annum for 3.5 years and 5 years respectively. If the difference between their interests is Rs.144, find the each sum?

Options:

A . Rs.3467

B . Rs.640

C . Rs.500

D . None

Answer: Option B

(P*5*15)/100 - (P*3.5*15)/100 = 144

75P/100 “ 52.5P/100 = 144

22.5P = 144 * 100

=> P = Rs.640

Was this answer helpful ?

Next Question

Submit Comment/FeedBack

More Questions on This Topic :

Question 1. A sum of Rs. 2665 is lent into two parts so that the interest on the first part for 8 years at 3% per annum may be equa....3 years at 5% per annum. Find the second sum?

Question 2. If A lends Rs.3500 to B at 10% per annum and B lends the same sum to C at 11.5% per annum then the gain of B in a perio....gain of B in a period of 3 years is?

Question 3. A person lent a certain sum of money at 4% per annum at simple interest and in 8 years the interest amounted to Rs.340....Rs.340 less than the sum lent. What was the sum lent?

Question 4. Rs.800 amounts to Rs.920 in 3 years at simple interest. If the interest is increased by 3%, it would amount to how much....is increased by 3%, it would amount to how much?

Question 5. If Rs.450 amount to Rs.540 in 4 years, what will it amount to in 6 years at the same rate % per annum? ....

Question 6. What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly? ....1/2 years at 4% per annum compounded yearly and half-yearly?

Question 7. Find the C.I. on Rs. 15,625 for 9 months at 16% per annum compounded quarterly? ....

Question 8. The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is? ....for one year at 10% per annum reckoned half-yearly is?

Question 9. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the sa....same sum at the rate and for the same time?

Question 10. What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years? ....annum on a sum of Rs. 1000 after 4 years?

Latest Videos

Chapter 1 - GLOBAL STEEL SCENARIO & INDI Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Latest Test Papers

Chapter 3.1 : Overview of Finance & Acco Chapter 3 : Finance & Accounts SAIL E0 - GFM 2024

Chapter 2.1 : Overview Chapter 2 : Materials Management SAIL E0 - GFM 2024

Chapter 1.1 : Personnel Functions- An ov Chapter 1 : Personnel Management SAIL E0 - GFM 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024

Menu

Popular Courses

Search

Submit Comment/FeedBack

More Questions on This Topic :

Latest Videos

Latest Test Papers