Question
On March 03, a saving bank customer in India, requests
for issue a USD 10,000. The inter-bank currency rates are as under: Spot rate: 1 USD = Rs.85.00 /0.50 Sep forward margin = 0.35 / 0.40 Bank requires an exchange margin of 0.15%. What rate will be quoted and how much amount will be debited to customer's account.Solution
Here TT selling rate should be used and exchange margin will be added, since for the bank, it is a sale transaction. Spot rate selling rate = 85.50 Add margin @ 0.15% = 85.61 Gross amount due from customer = 85.61 x 10000 = 856100
Find the simplified value of given expression
Two cards are drawn from a well-shuffled pack of 52 cards. What is the probability that both are aces?
A train that is 300 meters long takes 15 seconds to pass a tree. What is the speed of the train in kilometers per hour?
Simple interest earned on an amount of Rs. 2500 at rate of R% per annum after 4 years is Rs. 150. Find the simple interest earned on an amount of Rs. 12...
Average run scored by a batsman in 20 innings is 50. In next 6 innings, he scored runs with an average of ‘x’ so that his overall average increases ...
Bank deposits have increased by 60% during the last year. It is now Rs 8440. What was it a year ago?Â
The area of four walls of a room is 140 cm2. If the length and breadth of the room were equal and the height of the room is 7 cm, then what i...
The average scores of candidates from Institute A and Institute B in a Mock test (out of 150 marks) are 80 and 90, respectively. The number of candidate...
If p = 50 - q - r and pq + r(q + p) = 816 then find the value of (p2Â + q2Â + r2) .
Relevant for Exams:
