Question
Which bank has become the first to officially introduce
the Mahila Samman Savings Certificate (MSSC) scheme?ÂSolution
Bank of India has become the first bank to introduce the Mahila Samman Savings Certificate (MSSC) scheme. This scheme offers an interest rate of 7.5% per annum, compounded quarterly. Individual girls or women can open an account under the scheme, and guardians can also open an account on behalf of minor girls.
The compound interest accrued on a sum of Rs 4400 at the end of 2 years is Rs 1,119.36. What would be the simple interest on the same at the same rate f...
The perimeter of a square field is 10 cm more than the perimeter of a rectangle. The length of the rectangle is 45 cm which is 250% of its width. If a s...