Question
What is the new interest subvention rate for higher
education loans as per the revised Model Skill Loan Scheme in the Union Budget 2024-25?Solution
The Model Skill Loan Scheme has been revised to offer 3% interest subvention on loans up to Rs. 10 lakh for higher education in domestic institutions.
Rs. (X+500) is invested in scheme A for 5 years at 10 % simple interest. The received amount is then invested in another scheme B offering 10% interest ...
A sum of money doubles itself in 5 years at simple interest. What is the rate of interest per annum?
A sum of money amounts to ₹8700 in 2 years at a simple interest rate of 8% per annum. If the same sum is invested at compound interest with the same r...
A certain sum of money becomes 6000 in 6 years and Rs. 6240 in 10 years at any certain rate of simple interest. Find the principal amount.
A certain sum of money becomes 5 times of itself in 25 years at simple interest. In how many years does it become double of itself at the same rate of s...
Rs. ’P’ invested at a rate of 15% p.a. compound interest (compounded annually) amounts to Rs. 8464 at the end of 2 years. Find the simple interest e...
Atul has Rs.200 with him. He invested 40% of the amount at 5% p.a. for 6 years and rest at 20% p.a. for 5 years. Find the sum of simple interests receiv...
A certain sum of money amounts to Rs 1331 in 3 years at 10 percent compounded annually. Find the value of (CI-SI)?
Rs. 25,000 invested at simple interest of 6% p.a. yields the same interest after 2 years as Rs. 40,000 when invested at simple interest of 'y%' p.a. yie...
Rs.7800 is divided into two parts such that if one part be invested at 3% and the other at 5%, the annual interest from both the investments is Rs. 320....
