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While India had two major financial centres previously, namely, Mumbai and New Delhi, GIFT-City in Gujarat is the first and the only international financial services centre in India, as of now. The difference between a simple financial centre and an international financial centre (IFC) is that IFCs cater to customers outside their own jurisdiction and deal with the flow of finance and financial products/services across borders.
A sum fetched a simple interest of ₹3,040 at the rate of 8 %.p.a. in 5 years. What is the sum?
Naina lent Rs. 10,000 to Mohini for 4 years and Rs. 15,000 to Mitali for 6 years on simple interest at the same rate of interest and received Rs. 2,600 ...
A certain sum amounts to ₹13200 after 4 years and to ₹16400 after 8 years at the same rate percent p.a. at simple interest. The simple interest (in ...
The amount in a bank account after 3 years is ₹1350 when the interest is compounded annually at a rate of 10%. What was the principal amount?
'M' placed a specific amount of money into the 'SBI' Mutual Fund, which provides a 15% per annum simple interest rate. Simultaneously, 'M' invested the ...
Rs. 10000 when invested at simple interest of r% p.a. amounts to Rs. 12000 in 24 months. If the same sum had been invested for 1 year at compound intere...
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
Simple interest received at the rate of 9% p.a. for 5 years on a principal amount of Rs. 4000 is twice of the simple interest received at 10% p.a. for 6...
A invested Rs. ‘x’ in a scheme offering compound interest of 30% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. ...
