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The Reserve Bank of India (RBI) has raised the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or unavailable. The total limit for offline transactions on a payment instrument, however, remains Rs 2,000. It also said that offline payments should only be made face-to-face. Moreover, these transactions may be offered without Additional Factor of Authentication (AFA).
The interest received by investing Rs. 2000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple int...
Rs. 9,000 is invested in scheme ‘A’ offering simple interest of 20% p.a. and Rs. 6,500 in scheme ‘B’ offering simple interest of 8% p.a. What is...
A man invested a certain amount of sum at 11% per annum simple interest and earned an interest of Rs. 2200 after 2 years. If the same amount is i...
Rs. (x + 800) is invested at 12% simple interest per annum for 5 years. The interest earned is Rs. (x - 320). If Rs. (x - 400) is...
The interest earned when a sum is invested at simple interest of 25% p.a., for 3 years, is Rs. 9000. What will be the total amount received after 2 year...
Raghav placed an amount of Rs. 'x' in an account with an annual compound interest rate of R%. After 3 years, the compounded annual amount is Rs.12167. A...
Rs.6600 is divided into two parts such that if one part be invested at 4% and the other at 6%, the annual interest from both the investments is Rs. 372....
A certain amount earns simple interest of Rs. 1420 after 4 years. Had the interest been 5% more, how much more interest would it have earned?
A and B invested Rs.2x and Rs.2400 in a scheme at simple interest at 8% p.a. The investment time of B is 1 year more than that of A.The ratio of interes...
A and B started a business with initial investments of Rs. 25000 and Rs. 40000 respectively. After one year, a profit of Rs. 3250 is earned. A being a w...
