IIMB 2000 (QA) PYQs

Ram invested some money in the Mutual funds. In one of the schemes, he invested at simple interest and in another scheme he invested at compound interest. If the rate of interest is $14 \%$ for both the investments and the difference between the interest in both the schemes is Rs $700$. Find the investment amount if the investment is made for a two-year period.

Raj takes a loan of Rs. $1500$ at a compound interest rate of $5\%$ per year. At the end of each year, he repays Rs. $500$. How much does he need to pay at the end of the third year to settle the remaining balance?(approximately)

In a small town, Raj, a banker, explained to Priya, a young entrepreneur, that the difference between the simple interest on a sum at $10\%$ per annum for two years and the compound interest on the same sum, compounded semi-annually, was Rs $124.05$. Priya asked Raj to help her find the principal amount. Can you determine what it is?