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A setup in which group of individuals or entities decides to pool resources towards fulfilling a debt or financing a single borrower wherein the setup is governed by a legal contract that delegates responsibilities among its members, is known as Consortium lending Loan Syndication is is generally reserved for loans that involve international transactions, different currencies and a necessary banking cooperation to guarantee payments and reduce exposure.
What will be the amount payable on Maturity of ₹2,250 invested for three years 20% p.a. interest compounded yearly?
A sum of money amounts to Rs 250 in 4 years and Rs 432 in 7 years at a compound rate of interest. What is the rate of interest per annum?
A sum of rupees 5,000 is invested at 15% per annum compound interest for 1.5 years, compounded half-yearly. What will be the final amount?
A sum of money amounts to Rs 1024 in 4 years and Rs 1458 in 7 years at a compound rate of interest. What is the rate of interest per annum?
A person invests ₹20,000 in a scheme that offers 8% compound interest annually. How much will the investment grow to after 3 years?