Question
What is the primary objective of the 'Savings Account
Portability Online' scheme introduced by Indian Overseas Bank (IOB)?Solution
The 'Savings Account Portability Online' scheme by IOB is designed to simplify the savings account portability process for customers relocating to different locations.
Some amount out of Rs. 15000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 4 years the total interest from both the amou...
- Riya took a loan of Rs. 36,000 from a cooperative bank and decided to return it in two equal yearly instalments. If the interest rate is 30% per annum comp...
The extra interest earned from compound interest over simple interest on a sum of money after 2 years (with interest compounded semi-annually) is Rs. 97...
What will be the net CI on Rs. 10000 for 4 years at 10% p.a compounded annually?
Priya invests Rs. ‘X’ for 3 years in scheme-P offering simple interest at 12% p.a., while Rohan invests the same amount for 2 years in scheme-Q offe...
Jupiter borrowed a sum of Rs 31,500 from Mars at the rate of 14% per annum for 3 years. He added some more money in it and lent it to Saturn at the rate...
An amount was invested at simple interest for 2 years. If the rate had been 8% higher, the interest would have increased by Rs. 320. What is the princip...
After how many years, Rs. 4400 will become 5324 at the rate of 10% p.a., compounded annually?
Vishwas has Rs. 3600. He gives this money to Manoj on simple interest and after 4 years received the double amount. If the interest rate is 5% more than...
The interest obtained by investing Rs. (3p + 100) at a simple interest rate of 10% p.a. for 5 years is Rs. (2p + 250). Find the ratio (p - 75) : (p + 125).
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