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Start learning 50% faster. Sign in nowThe money market can be tapped by the scheduled commercial banks except the regional rural banks, cooperative banks, primary dealers etc. The funds raised are mainly used to address the mismatch of funds. The money market is used for short term loans and trading and that is why the risk factor is very low here with the returns also being vey less. The participants in this market need to maintain a current account with RBI because of the short duration of trading in this market.
Compound interest on a certain sum of money for 2 years is Rs.2600 while the simple interest on the same sum for the same time period is Rs.2500. Find t...
A took a loan of Rs.5680 at simple interest of 30% p.a. and invested the same money in a scheme at simple interest of 40% p.a. Find the profit earned by...
Rahul secures a loan amounting to Rs. 8,800 from a bank, which charges an annual simple interest rate of 20%. He then allocates this sum into an investm...
Rs. 5,000 is invested for 3 years in scheme ‘X’ offering simple interest at 8% per annum. The interest earned is equal to the interest obtained when...
A person borrowed Rs. 50,000 at a rate of 12% per annum for one year. He then lent it out as two separate loans to D and E. He lent Rs. 20,000 to D at 2...
A man invested certain sum at simple interest of r% p.a. such that it amounts to 150% of itself in 5 years. Find the interest earned when Rs. 2200 is in...
Mr. X deposits ₹10,000 at a simple interest rate of 8% per annum for 4 years. After 2 years, he invests an additional ₹12,000 at the same rate for 3...
A man invested Rs. 8,000 at simple interest of 'x%' p.a. and received Rs. 16,000 after 2 years. If he had invested Rs. 24,000 at simple interest of 'x%'...
What will be the simple interest on Rs. 6,20,000 from March 30, 2011 to November 04, 2011 at 12 % p.a?
