Railways Exam  >  Railways Questions  >  A same principal is invested in schemes of co... Start Learning for Free
A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?
  • a)
    5000
  • b)
    6000
  • c)
    3000
  • d)
    2500
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
A same principal is invested in schemes of compound interest and simpl...
Simple interest = (P × r × t)/100
P = Principal
t = Time period
r = Rate of interest
Given,
t = 2 years
r = 10%
Simple Interest = Rs. 600
600 = (P × 2 × 10)/100
⇒ P = 3000
Compound Interest = [P(1 + r/100)t - 1]
Where,
CI = Compound interest
P = Principal
r = Rate of interest
t = Time period
Given,
t = 2 years
r = 10%
Compound Interest = Rs. 660
630 = [P(1 + 10/100)2 - 1]
630 = 21P/100
P = 3000
Previous
View all questions of this test
Explore Courses for Railways exam

Similar Railways Doubts

A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer?
Question Description
A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer?.
Solutions for A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Railways. Download more important topics, notes, lectures and mock test series for Railways Exam by signing up for free.
Here you can find the meaning of A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer?, a detailed solution for A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A same principal is invested in schemes of compound interest and simple interest. The interest obtained in compound interest and simple interest schemes for two years are Rs. 630 and Rs. 600 respectively. If the rate of interest is 10%, then what is the total principal (in Rs.)?a)5000b)6000c)3000d)2500Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Railways tests.
Explore Courses for Railways exam

Top Courses for Railways

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev