Question
According to the RBI’s report, what was the growth of
the credit sector excluding the impact of the HDFC Ltd.–HDFC Bank merger?Solution
Excluding the impact of the HDFC Ltd.–HDFC Bank merger, credit growth rose by 12.7% Year-on-Year (Y-o-Y), surpassing the deposit growth of 11.9% Y-o-Y, indicating a strong demand for credit.
1000 rupees is invested in a scheme p.a. simple interest. Another amount (1000 – x) is invested in scheme B at 2R% p.a. simple interest. After 5 y...
The interest received on investing Rs. (8p + 400) on simple interest at 5% p.a. for 8 years is Rs. (3p + 240). Find the ratio (p + 100) :(p + 600)
- Rs. 15,000 becomes Rs. 21,900 after 6 years on simple interest. What is the rate of interest per annum?
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?
A Motorbike can be purchased on cash payment of Rs. 30000. But the same Motorbike can also be purchased on the cash down payment of Rs 7000 and the rest...
If the rate of interest is 5% compounded quarterly. What will be the approximate amount if P invests Rs.5000 for 1 year?
Suppose 'S' invested Rs. 40,000 each at 12% p.a. in two different Funds for 2 years, with one Fund offering compound interest (compounded annually) and ...
Rs. (x + 500) invested on simple interest amounts to Rs. 4,500 and Rs. 5,100 in 5 years and 7 years, respectively. Find the value of 'x'.
The difference between compound interest and simple interest at rate of 10% per annum for 2 years is Rs. 120. Find the simple interest obtained on same ...
If Rs. 12000 is invested at a simple interest at the rate of 5% p.a., Rs. 4800 is obtained as interest in certain years. In order to earn Rs. 6400 as i...
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