Simple Interest, Compound Interest, Rate, Time and Principal
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Q1 · Simple and Compound Interest · MEDIUM
A person invests ₹5,000 in a bank at simple interest and ₹4,500 in a post office. The rate of interest of the bank is 1% more than that of the post office. If he receives a total interest of ₹570 at the end of the year, what is the rate of interest in the post office?
Q2 · Simple and Compound Interest · EASY
A sum of money amounts to ₹8,800 in 3 years and ₹10,560 in 5 years at simple interest. What is the principal amount?
Q3 · Simple and Compound Interest · MEDIUM
The difference between compound interest and simple interest on a sum for 2 years at 10% per annum is ₹120. What is the principal?