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The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that replaced the LIBOR. SOFR is a benchmark rate administered by the Federal Reserve Bank of New York (New York Fed) which replaced the USD LIBOR in June 2023. SOFR itself is a backward-looking overnight rate because it is based on overnight transactions in the U.S. Treasury repo market. and is preferable to LIBOR since it is based on data from observable transactions rather than estimated future borrowing rates. While SOFR became the benchmark rate for dollar-denominated derivatives and loans, other countries have sought their own alternative rates, such as SONIA and EONIA.
Ajay invested Rs.24,000 in Fund 'P' for a duration of 4 years, where it earns simple interest at a rate of 22.5% per annum. The amount obtained from Fun...
On Rs. 6000 invested at a simple interest at the rate of 4% p.a., Rs. 2400 is obtained as interest in certain years. In order to earn Rs. 4800 as intere...
A man invested certain sum at simple interest of r% p.a. such that it amounts to 130% of itself in 3 years. Find the interest earned when Rs. 3000 is in...
The difference between the compound interest compounded annually and simple interest of a sum at 15% p.a. for 2 years is Rs. 270. Find the sum.
A certain amount becomes four times itself when invested at r% per annum simple interest for 12 years. What is the value of r?
Azhar deposited an amount of Rs. 'x + 250' in a simple interest scheme at a rate of 20% per annum for a duration of 3 years. Additionally, he invested R...
The simple interest earned on investing Rs. (80X + 2000) at simple interest of 15% p.a. for 36 months is Rs. 576 less than the total amount received on ...
Sameer invested Rs. (R + 1000) at simple interest of 20% p.a. for 3 years. Ajeet invested Rs. (R - 4000) at compound interest of 20% p.a. for 3 years. I...
A sum of ₹5,000 is invested at 8% simple interest per annum for 3 years. After 3 years, the interest is reinvested at 6% compound interest for 2 years...
Rahul secures a loan amounting to Rs. 8,800 from a bank, which charges an annual simple interest rate of 20%. He then allocates this sum into an investm...
