Question
What is the acronym of ‘A’ in DEAF scheme which was
released by the RBI?Solution
The Depositor Education and Awareness Fund Scheme (DEAF Scheme) was established by the Reserve Bank of India (RBI) in 2014 for the promotion of depositors' interest and for any other related purposes deemed necessary by the RBI.
A&B invested their sum in the ratio of 22: 25. Respectively. In two different schemes. Offering simple interest of 15% per annum and compound interest o...
Ramesh lent Rs. 40,000 to Suresh at compound interest of 15% p.a. (compounded annually) for 2 years. Suresh returned the money by calculating simple in...
What sum of money must be given at simple interest for 5 months at 3% per annum in order to earn Rs. 260 interest?
Simple interest received at the rate of 9% p.a. for 5 years on a principal amount of Rs. 4000 is twice of the simple interest received at 10% p.a. for 6...
- A sum of Rs. 6000 at a certain rate of interest in simple interest for six years is amounted to Rs. 11400. If the same sum of money at same rate of interes...
A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1560 and simple interest of Rs.1500 at the end of 2 year...
The difference between compound interest and simple interest on a sum for 2 years at 10% per annum is Rs 40. Find the principal.
- A certain sum doubles in 9 years at certain rate of simple interest. The same sum under the same interest rate will become 4 times of itself in how many ye...
A sum of Rs 12,000 is invested at 7% simple interest per annum. In how many years will the interest amount be Rs 5,040?
Rs. 5,200 is split into two parts. One part is invested at a simple interest rate of 12% per annum, while the other part is invested at a compound inter...
