Question
What is the key purpose of the MoU signed between RBI and
the Bank of Mauritius (BOM)?Solution
RBI and the Bank of Mauritius signed an MoU to promote the use of INR and MUR for bilateral transactions, reducing costs and settlement time.
- A sum of money amounts to Rs. 2040 at 18% per annum simple interest after 2 years. If the same sum is invested at the same rate of interest, but compounded...
Rs. (2x + 400) is invested at a rate of 20% per annum, yielding an interest of Rs. 3200 after 4 years. Calculate the interest earned when Rs. (x + 100) ...
Suresh lent Rs. 20,000 to Mohit at compound interest of 25% p.a. (compounded annually) for 2 years. Mohit paid interest using simple interest instead. F...
Rs. 6,600 is invested in scheme ‘A’ offering simple interest of 13% p.a. and Rs. 2500 in scheme ‘B’ offering simple interest of 4% p.a. What is ...
Ravi lends Rs. 4800 to two of his friends. He gives Rs.2400 to the first at 15% p.a. simple interest. Ravi wants to make a profit of 20% on the whole. T...
The difference between compound interest and simple interest at rate of 24% per annum for 2 years is Rs. 288. Find the simple interest obtained on same ...
Ajay lent Rs. 80,000 to Rahul at compound interest of 5% p.a. (compounded annually) for 2 years. Rahul tricked Ajay by paying simple interest instead. F...
A sum of money is invested at a rate of 5% per annum simple interest. If the interest earned in 3 years is ₹900, what is the sum of money invested?
A man invested Rs. 7,000 at simple interest of 'x%' p.a. and received Rs. 14,000 after 2 years. If he had invested Rs. 80,000 at simple interest of 'x%'...
Piyush initially took a loan from Vivek at a simple interest rate of 8% per annum, and after a duration of two years, he repaid the borrowed amount. Sub...
