Home
Class 7
MATHS
Ramu invested Rs. 12000 in a finance com...

Ramu invested Rs. 12000 in a finance company at 10% per annum, interest is compounded annually for 3 years and Ravi invested Rs. 12000 for the same period at 15% per anuum, interest compounded annually.
Difference in the amounts paid to them after 3 years is

Text Solution

Verified by Experts

The correct Answer is:
Rs. 2278.50
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Easay Type Questions|5 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Level 1|31 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Very Short Answer Type Questions|30 Videos

  • Set theory

    PEARSON IIT JEE FOUNDATION|Exercise ASSESSMENT TEST Test 2|12 Videos

  • STATISTICS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 3)|11 Videos

Similar Questions

Explore conceptually related problems

Ramu invested Rs. 12000 in a finance company at 10% per annum, interest is compounded annually for 3 years and Ravi invested Rs. 12000 for the same period at 15% per anuum, interest compounded annually. The total interest paid to Ravi is

Ramu invested Rs. 12000 in a finance company at 10% per annum, interest is compounded annually for 3 years and Ravi invested Rs. 12000 for the same period at 15% per anuum, interest compounded annually. The total interest paid to Rammu is

Find the compound interest on Rs 12000 for 3 years at 10% per annum compounded annually.

If Rs 6000 is lent at 10% per annum, interest being compounded annually, what is the interest for the 3rd year?

Find compound interest on Rs 9000 for 2 years 4 moths at 10% per annum compounded annually.

Find the compound interest on Rs.12000 for 10 years at the rate of 12% per annum compounded annually.