Question
A person 'P' invested Rs. 7,400 in a SIP at an annual
simple interest rate of 14%. If the total interest earned by him amounts to Rs. 6,216, determine the number of years for which the investment was made.Solution
ATQ,
Let the duration for which the money was invested be ‘y’ years. Or, 6216 = {(7400 × 14 × y)/100} So, y = (6216/1036) = 6 Therefore, the money was invested for 6 years.Â
In respect of an Overdraft/Cash Credit (OD/CC), when is the advance treated as NPA?
Usance bills drawn under Import LC should be retired ____
Mr. X has purchased an index option with a strike price of ₹3000. What will be his net gain or loss if the price of the index at maturity is ₹2660 a...
Which government initiative aims to provide collateral-free loans to MSMEs, particularly for startups , under the category of Shishu , Kishore , and Tar...
Under the revised bulk deposit guidelines for UCBs, Tier 3 and Tier 4 UCBs are allowed to raise bulk deposits only above a specific threshold. What con...
Under the modern method of performance appraisal an assessee is requested to participate in in-basket exercises, role playing, discussions, computer si...
RBI Retail Direct Scheme provides Retail investors the facility to open and maintain the ‘Retail Direct Gilt Account’ (RDG Account) with RBI. It wa...
Consider the following Statements and choose the option with correct Statement.
I- Retail investors (individuals) will have the facility to op...
Which of the following statements about the filing of a shelf prospectus is accurate according to the provisions of the Companies Act?
The National Green Hydrogen Mission anticipates over Rs. Eight lakh crore in total investments and Creation of over Six lakh jobs by _____________.
Relevant for Exams:
