Question
Which of the following is correct as per the recent
guidelines by RBI for the conversion of small finance banks into universal banks?Solution
The recent RBI guidelines do not include these specific criteria. Each application for conversion is assessed on individual merit.
A sum of Rs. 6120 is invested at simple interest for 2 years. If the rate interest for first year is 15% p.a. while 25% p.a. for second year, then find ...
Compound interest on a certain sum of money for 2 years is Rs.2280 while the simple interest on the same sum for the same time period is Rs.2000. Find t...
The simple interest received on a certain sum is Rs. 1200 less than the sum invested. If the sum was invested at 20% p.a. for 4 years, then find the sim...
A sum of money triples itself in 12 years. Find the rate percent per annum.
...What sum will give Rs. 279 as the difference between simple interest and compound interest at 20% in 1year 6 months compounded half yearly?
If you invest Rs. 5,000 in a fixed deposit account with an annual interest rate of 8%, compounded annually, how much money will you have after 3 years?
Anita invested Rs. 5400 in scheme 'P,' which offers a 15% per annum simple interest rate, and she invested Rs. 3800 in scheme 'Q,' offering a 25% per an...
Shivam invested 24000 at 15% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.26400. What is t...
- A person invested Rs. ‘x’ in account A and Rs. ‘x/2’ in account B. Account A gives 4% simple interest per annum while account B gives 7%. After 5 y...
Simran Funded Rs. 70,000 in two different SIP's. She funded the smaller amount at CI of 20% p.a. compounded annually, and larger amount at SI of 16.5% f...
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