Start learning 50% faster. Sign in now
Based on the pillars of a digital identity Aadhar, linking bank accounts with PM-Jan Dhan Yojana, and the penetration of mobile phones (JAM Trinity), the country has witnessed significant progress in financial inclusion in recent years. The population covered with bank accounts increased from 53 per cent in 2015-16 to 78 per cent in 2019-21 (as per NFHS). International evidence shows that countries at the same level of development have taken almost The creation of digital identities such as Aadhar, registration of unorganised workers on the e-shram portal, street vendors on SVANidhi, taxpaying firms on GSTN, and MSMEs on the Udayam portal, has played a significant role in the inclusion of these groups under the formal economic net.
A sum of money becomes ₹12,000 in 2 years and ₹14,400 in 4 years at simple interest. What is the rate of interest per annum?
A sum is lent on compound interest for 2 years at 11% p.a. If the compound interest on the sum is Rs.3713.6, find the sum.
A sum lent out at simple interest amounts to 6076 in 1 year and 7504 in 4 years. The sum and the rate of interest p.a. are respectively
What sum of money must be given at simple interest for 8 months at 4% per annum in order to earn Rs. 320 interest?