Question
What is the total outlay approved by the Union Cabinet
for the Incentive Scheme for BHIM-UPI (P2M) transactions for FY 2024–25?Solution
The Union Cabinet has approved an incentive scheme for BHIM-UPI (P2M) transactions with an outlay of ₹1,500 crore for FY 2024–25, aimed at promoting digital transactions for small-value payments.
sum invested at a certain rate of compound interest, compounded annually amounts to Rs.12,240 after 2 years and amounts to Rs. 17,625.6 after 4 years. I...
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Rs. (n + 150) invested on simple interest amounts to Rs. 1,950 and Rs. 2,250 in 3 years and 5 years, respectively. Find the value of 'n'.
'K' distributed his investments among two distinct funds, Mutual Fund X and Mutual Fund Y, in the respective ratio of 9:8. While Mutual Fund X generates...
A sum of ₹12,000 is invested at an annual interest rate of 10% for 2 years. What is the difference between the compound interest and simple interest a...
On a principal of Rs. 2000, simple interest at R% per annum for 3 years is Rs. 480. Find the simple interest on Rs. 2500 at (R + 4)% per annum for 5 years.
A sum doubles in 20 years at simple interest. What is the rate of interest?
Amit invested 'x' on simple interest at 12% for 7 years and (x + 400) on compound interest at 10% p.a for 2 years. At the end of nine years, he will rec...
Simple interest earned on an amount of Rs.1400 at rate of R% per annum after 3 years is Rs.210. Find the simple interest earned on an amount of Rs.1600 ...
Atul invested in scheme A and B that provide simple interest at the rate of 12% and 15% for 3 years and 5 years, respectively. Interest received from sc...
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