Question
RBI recently allowed banks to provide working capital
loans to manufacturers using which raw materials?ÂSolution
RBI has extended the facility of need-based working capital loans, earlier limited to jewellers, to manufacturers using gold or silver as raw materials. These loans are secured against the metals but cannot be used for investment or speculation. The move aims to boost manufacturing, ease credit access, and support MSMEs .Â
On a sum of Rs 5,000 at 10% per annum for 2 years, what is the difference between compound interest (compounded annually) and simple interest?
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X invested Rs. 3600 at an annual simple interest rate of (a + 10)% and Rs. 2400 at an annual simple interest rate of a%. After 3 years, the total intere...
R' invested some money at a compound interest rate of 40% p.a., compounded quarterly. If after 9 months, he received an amount of Rs. 1,99,650, then the...
If Rs. 25,000 is loaned at a compound interest rate of 50% per annum, and the interest is compounded once every year, what will t...
‘P’, ‘Q’ and ‘R’, each of them invested Rs. 2000 at the rate of 16% p.a., 24% p.a. and 36% p.a., respectively for 8 years, 3 years and 6 yea...
An investment of Rs. 8,430 is made in a Mutual Fund, offering a 10% per annum simple interest rate for 'p' years, while another investment of Rs. 8,800 ...
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Rs.6600 is divided into two parts such that if one part be invested at 4% and the other at 6%, the annual interest from both the investments is Rs. 372....
What will be the amount if a sum of Rs. 5000 is placed at compound interest for 3 years while the rate of interest for the first, second and third years...
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