Question
An Indian importer buying goods from the USA will be
concerned if the Indian Rupee:Solution
If the Indian Rupee depreciates against the US Dollar, it means the importer needs to pay more rupees to buy the same amount of dollars to settle the invoice, increasing the cost of imports.
Mr. X invested Rs. 1200 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 9% per annum a...
The difference between compound interest and simple interest at rate of 24% per annum for 2 years is Rs. 288. Find the simple interest obtained on same ...
A sum of ₹6,450 is invested for 3.5 years at a certain annual rate of simple interest, yielding a total interest of ₹2,709. If ₹3,500 is then inve...
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Rahul invested Rs. 2450 at a 40% per annum simple interest rate for 'y' years, and this investment yielded a total amount of Rs. 4410. Find the interest...
A sum of money doubles itself in 8 years at simple interest. In how many years will it become four times itself at the same rate of interest?
A and B started a business with initial investments of Rs. 26000 and Rs. 27000 respectively. After one year, a profit of Rs. 10600 is earned. A being a ...
A man deposited Rs.2000 at a simple interest rate of 25% per annum for 4 years. He then reinvested the amount he received into a compound interest schem...
A invested Rs. ‘x’ in a scheme offering compound interest of 30% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. ...
If the ratio of the sum invested and simple interest received after 1 year is 20:13 respectively, then find the rate of interest.
