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The Asian Clearing Union (ACU) was established with its head-quarters at Tehran, Iran, on December 9, 1974 at the initiative of the United Nations Economic and Social Commission for Asia and Pacific (ESCAP), for promoting regional co-operation. The Central Banks and the Monetary Authorities of Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka are currently the members of the ACU. The following payments are not eligible to be settled through ACU:- · Payments between Nepal and India and Bhutan and India, · Payments that are not on account of export / import transactions between ACU members countries · All eligible current account transactions including trade transactions with Iran should be settled in any permitted currency outside the ACU mechanism until further notice.
A invested Rs.600 at r% rate of simple interest for 20 months while B invested Rs.900 at 16% rate of simple interest for r months. If they together rece...
The difference between the simple and compound interest compounded annually of a sum at 12% p.a. for 2 years is Rs. 180. Find the sum.
Find the period when simple interest on Rs.4000 at 6% per annum will be Rs.400.
Rs. 4500 is invested in scheme ‘A’ for a year at simple interest of 40% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in ...
The interest earned when a sum is invested at simple interest of 16% p.a., for 3 years, is Rs. 2400. What will be the total amount received after 2 year...
If a sum when placed at compound interest grows to Rs.6,400 in 2 yrs and to Rs. 8,000 in 3 yrs, find the rate percent p.a.
If an investment of Rs. 5,120 grows to Rs. 6,480 in two years when compounded annually at an interest rate of 'R%' per annum, calculate the value of 'R'.
The difference between compound interest and simple interest at the same rate for Rs. 1800 for 2 years is Rs. 18. The rate of interest per annum is:
Atul has Rs.550 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 invested at R% p.a. fetches a compound interest (compounded annually) of 1630.5 and simple interest of Rs.1500 at the end of 2 ye...
