Question
What is the main function of Clearing Corporation of
India Limited?Solution
The Clearing Corporation of India Ltd was established to render guaranteed clearing and settlement functions concerning transactions in G-Secs, money, derivative markets, and foreign exchange.
What is the compound interest on a sum of Rs 12,000 for 2(5/8) years at 8% p.a., when the interest is compounded annually? (nearest to a rupee)
What will be the CI on a sum of Rs.50,000 after 3 years at the rate of 11%p.a?
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A man borrowed ₹10,000 at an interest rate of 12% per annum compounded annually. He repaid ₹4,000 at the end of the first year. What amount should h...
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Raman invested Rs. 70,000 in a bank offering 10% compound interest per annum for 2 years. After 2 years, he used the total amount to start a business wi...
Divide Rs. 2,440 into two parts such that the first part after 10 years is equal to the second part after 8 years, compound interest being 20% per annum...
A person invests ₹80,000 in a mutual fund. The investment grows at a rate of 8% per annum, compounded annually. After 3 years, he decides to withdraw ...
The compound interest on a certain sum in 2.5 years at 10% p.a., interest compounded yearly, is 1,623. The sum is:
A sum of money is invested at a rate of 12% per annum compound interest for 2 years. If the total amount after 2 years is ₹11,520, what is the princip...
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