Question
Which of the following is a non-fund-based credit
facility?Solution
Letters of credit and bank guarantees are non-fund-based facilities where funds are not disbursed unless obligation is triggered.
Pawan invested an equal sum of money in two different SIPs at a bank—one earning 20% compound interest per annum and the other earning 24% simple inte...
- Anjali invests Rs. 28,000 in scheme 'C' and Rs. 22,000 in scheme 'D'. Scheme 'C' gives 14% interest per annum for 2 years and scheme 'D' gives 11% per annu...
Karan invested Rs. (x + 500) in a scheme A offering simple interest of 16% p.a., and the interest received after 2 years is Rs. 640. He invested Rs. 2x ...
- An amount of Rs. 3,600 grows to Rs. 4,680 in 6 years under simple interest at the rate of r% per annum. If Rs. 4,500 is invested at a rate of 1.8r% per ann...
If the difference between compound interest (compounded annually) and simple interest earned in two years at 15% p.a., is Rs. 450, then find the sum in...
The interest earned on investing Rs. 9000 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is la...
A sum of ₹10,000 is invested at 6% compound interest per annum for 2 years, compounded annually. What will be the total amount after 2 years?
The simple interest on a sum of Rs 10,000 for 2 years at 10% per annum is Rs 2,000. Find the compound interest on the same sum at the same rate and time...
Difference between CI and SI on a sum for 3 year at 20% p.a. is 176. Find the simple interest on the sum after 2 years at 10% p.a.
A man purchases some number of apples at the rate of 36 apple for Rs. 1. How many for a rupee did he sell to gain 12.5%.
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