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Federal Bank has launched UPI integration for NRE clients through its mobile banking platform, FedMobile. With the integration of UPI, NRI customers residing in countries approved by the NPCI (National Payments Corporation of India) permitting UPI for NRIs can seamlessly utilize UPI features through FedMobile. The NPCI approved countries include Singapore, Australia, Malaysia, Canada, Hong Kong, Oman, Qatar, United States of America, Saudi Arabia ,United Arab Emirates, and United Kingdom.
A sum of Rs. 9,600 grows to Rs. 12,696 when invested at an annual compound interest rate of 'R%' for 2 years. What is the value of 'R'?
A certain sum of money becomes Rs. 1922 in 1 year and 2900 in 3 years at certain rate of simple interest. Find the sum of money invested.
A certain sum gives the interest equals to 3/5th of the sum when invested for 5 years at simple interest. Find the rate of simple interest.