New Development Bank (NDB) It is a multilateral development bank jointly founded by the BRICS countries (Brazil, Russia, India, China and South Africa) at the 6th BRICS Summit in Fortaleza, Brazil in 2014. NDB was formed to support infrastructure and sustainable development efforts in BRICS and other underserved, emerging economies for faster development through innovation and cutting-edge technology. It is headquartered in Shanghai, China. In 2018, the NDB received observer status in the United Nations General Assembly. The five countries have an equal vote share and have pooled in the same amount of capital on inception. No member country has any veto power.
Rohit invested a certain amount at the rate of 6 p.c.p.a. and obtained a simple interest of Rs 8,730 at the end of 3 years. What amount of compound inte...
Rs 2000 are invested at 5% per annum simple interest. If the interest is added to the principal after every 15 years, the amount will become Rs 4,000 af...
Divide Rs 2,760 in to two parts such that when these are invested for 2 and 4 years, respectively, at the rate of 5% per annum simple interest, the amou...
A certain sum when invested at compound interest (compounded annually) of 8% p.a. for 4 years, gives an interest of Rs. 4879.20. Calculate the approxima...
A borrows Rs 7000 from B at 10% p.a compound interest compounded annually. At the end of every year he pays Rs 2200 and at the end of 3rd years he pays ...
Sneha deposited Rs. ‘R’ in a bank offering compound interest of 13% p.a. compounded annually. After 3 years, she invested the amount received from t...
A certain amount earns simple interest of Rs. 1480 after 3 years. Had the interest been 5% more, how much more interest would it have earned?
A certain sum amounts to ₹22,494 in 7 years at x% per annum on simple interest. If the rate of simple interest per annum had been (x + 4) %, the amoun...
Anita and Rohan each invested a sum of ₹12,000 for 2.5 years at 20% compound interest per annum. However, while for Anita the interest was compounded ...
