Question
As per the terms specified, the interest rate applicable
to an Overdraft (OD) beyond WMA will be:Solution
The pricing terms are differentiated: WMA carries the Repo Rate, while OD is priced at two percentage points above the Repo Rate. Hence, when the account moves into overdraft beyond sanctioned WMA, the rate step-up to Repo + 2% applies.
Together, "Arjun" and "Vicky" invested Rs. 12,000 and Rs. 8,000 in a firm. After eight months, "Vicky" added Rs. 2000 to his initial investment, whereas...
Out of their respective monthly salaries, Soma spends 7/8 and Tina spends 4/5 on various expenses. The salary remaining with Tina after the expenses is ...
Pritam and Neha invested in a business in the ratio 8 : 5. If 9% of the total profit goes to charity and Pritam’s share is Rs. 18200, the tota...
'A', 'B' and 'C' started a business such that the sum invested by 'B' is (2/7)th of the total sum invested by all of them together and equals (4/5)th o...
"M" initiated a business with an investment of Rs. 21,000. Subsequently, after a certain number of months, "N" entered the partnership by contributing R...
A, B, and C invested ₹50,000, ₹70,000, and ₹80,000, respectively, to start a business. At the end of the year, the profit was ₹60,000. If A with...
A, B, and C started a partnership with initial investments of Rs. 17,200, Rs. 25,800, and Rs. 32,250, respectively. After 20 months, C completely withdr...
Anand started a business with an initial investment of Rs. 10,800. After a few months, Mohit joined the business with an investment that was Rs. 7,200 m...
‘X’ and ‘Y’ started a business together such that the ratio of their investment is 6:11, respectively. If ‘X’ and ‘Y’ invested for 10 m...
Anup, Vipin and Raju started a business with their capital Rs. 3000, Rs. 4500 and Rs. 6000 respectively. They invested for X, (X – 4) and (12 – X) m...
Relevant for Exams:
