Priya lends a certain sum of money to her friend for T years at 10% per annum simple interest. She receives Rs. 400. She deposits the same sum of money as before into a bank for T years at 4% per annum. She receives Rs. 200. Find the time (T).

Keep practicing — related questions

• Deepak opened a recurring deposit account in a bank and deposited Rs. 500 per month for 3 years. If he will...
• Rohit opened a recurring deposit account in the bank by depositing Rs. 250 per month for 11 months. The rat...
• Which of the following is rate of interest given to Radha, if she receives the maturity amount of Rs. 6,455...
• Ram Kumar opened a savings bank account in State Bank on 4th January of a year and closed the account on 9t...
• A shopkeeper purchased 12 kg of rice at Rs. 720 and sold them at a loss equal to the selling price of 4 kg ...
• Under the Sovereign Gold Bonds Scheme launched by Modi in 2015, investors can earn an interest rate of ___ ...
• Which of the following are ionic solids? P. P4O10 Q. (NH4)3PO4 R. SiC S. LiBr
• The balance as on 1st June in the saving bank account of Mr. Sandeep was Rs. 9,800. In the same month, he h...