Question
How much is the maximum amount of bank loan under stand
up India for ST and SC women?Solution
In the Stand-Up India scheme, banks provide loans from Rs 10 lakh to Rs 1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch. This scheme was launched by Prime Minister Narendra Modi in April, 2016. It will be available at all branches of Scheduled Commercial Banks.
Rs. 5000 when invested at simple interest of r% p.a. amounts to Rs. 6000 in 24 months. If the same sum had been invested for 1 year at compound interest...
Aman invested Rs. 6,500 in scheme ‘Alpha’ which offered compound interest compounded annually at 10% per annum for 3 years. He also put Rs. ‘P’ ...
Ankit invested a total of Rs. 63,000 between two SIPs: 'P', offering 10% compound interest compounded annually, and 'Q', offering 12% simple interest pe...
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'S' allocated 40% of his monthly income to SIP P, where it accrues a simple interest of 18% p.a. The remaining 60% was directed to SIP Q, with a compoun...
Rs. 2000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 20 less than the in...
- Priya deposited Rs. ‘x’ at 14% p.a. simple interest, and Neha deposited Rs. (x + 600) at 11% p.a. simple interest. If after 2 years, the total interest...
A man deposited Rs. ‘x + 1400’ at 12% per annum simple interest and earned Rs. 828 as interest after 2 years. Find the interest earned by him if he ...
John borrowed some money from Alex at 10% simple interest per annum. He lended this money to Shaun at 20% compound interest per annum, and made a profit...
Mr. P invested Rs. ‘10x’ in scheme ‘A’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘A’ at the end of...
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