Rs. 20400 was divided in two parts and then invested. One part invested at 6.25% for 8 years
yields the same interest as the other part invested at 7% for 5 years. What is the value of smaller
part?

Related MCQs

• Aman got a salary of Rs. 8600. The salary was invested by him in two parts. Find the difference between the two parts of his salary, if in first part he got some simple interest at 15% per annum in 4 years, which was same as the second part which he invested at 20% for 3 years.
• 1/5 part of an amount was given at 3% simple interest, 1/3 part was given at 5% simple interest, 2/5 parts at 9% simple interest and remaining part at 11% simple interest. The total interest received was Rs.297. How much amount was originally given?
• If simple interest for 2 years for a sum is Rs. 600 and compound interest for the same sum for 2 years and same rate of interest is Rs. 645, what will be the rate of interest?
• Suresh for 2 years invested Rs. 500 in SBI. He also invested Rs. 300 in ICICI for 4 years. At the end he received Rs. 220 from both banks as simple interest. What must have been rate of interest?
• certain sum earns simple interest of Rs. 800 in 2 years at a certain rate of interest. If the same sum earns compound interest of Rs. 845 in the same period of 2 years, What must be the rate of interest?
• Find the principal which yields a simple interest of Rs. 20 and compound interest of Rs. 21 in two years, at the same percent rate per annum?
• Aman invests Rs. 8000 at some rate of interest. Being simple interest the money doubles in 5 years. Raj sees this and invests Rs. 6250 for 3 years at same rate of interest. How much interest does Raj get?
• Ram gets Rs. 2600 for Rs. 2000 in 5 years at some rate of simple interest. Had he invested in other places where rate of simple interest is 3% more than current rate, how much would have Ram got in same time?
• Akhil borrowed a certain sum of money at the rate of 6%, 9% and 14% for a period of first two years, next three years and beyond the period of five years respectively. If at the end of nine years, he paid Rs. 8550 as interest, then find the sum of money he had borrowed.
• A man got Rs. 130 less, as simple interest, when he invested Rs. 2000 for 4 years as compared to investing Rs. 2250 for same duration. What is the rate of interest?