Question
What is the term of the Pradhan Mantri Vaya Vandana
Yojana (PMVYY)?Solution
PMVVY is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which is available from May 04, 2017 to March 31, 2023 This scheme is aimed at benefiting senior citizens against a full fall in their income due to some unexpected market conditions. The term of this Scheme is 10 years
A sum becomes 2.89 times ot itselt in 2 years when invested at compound interest (compounded annually). What is the annual rate of interest?
Raju invests a certain amount at an annual simple interest rate of 6% for 2 years. The total amount he receives after this period is then reinvested at ...
- An amount becomes Rs. 11,520 after 3 years at a simple interest rate of r% p.a. If the rate had been increased to (r + 5)% per annum, the same sum would be...
A sum of money gets eight times in 15 years , in how many years it will be 512 times in CI?
Yeshudas borrowed a certain amount from a Bank at an interest rate of 2.5% p.a. and after 4 years , he repaid a total amount of 46,200 to the Bank. How ...
What will be the ratio of simple interest earned on certain amount at the same rate of interest for 6 years and that for 16 years?
If the simple interest for 5 years is equal to 20% of the principal, then the interest will be equal to the principal after ________ years.
'Fatima' deposited Rs. 6,500 in a SIP at simple interest of 10% p.a. If she earned Rs. 3,900 as interest, then find the duration (in years) for which th...
A sum of Rs. 2800 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find ...
A certain sum of money becomes Rs. 1300 in 1 year and 2700 in 3 years at certain rate of simple interest. Find the sum of money invested.
