Question
Which schemes are included under Tier 1 and Tier 2 of
the Payment Infrastructure Development Fund (PIDF)?Solution
Explanation: PIDF focuses on improving card acceptance infrastructure, including POS terminals and QR codes.
Some amount out of Rs. 12000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amou...
A man invested Rs.Y in a scheme S at 14% rate of simple interest for 7 years. After 7 years, he reinvested the amount received from the scheme S at same...
What is the simple interest on ₹5000 at a rate of 8% per annum for 3 years?
Rahul invested Rs. 2450 at a 40% per annum simple interest rate for 'y' years, and this investment yielded a total amount of Rs. 4410. Find the interest...
The difference between the simple interest and the compound interest compounded annually at the same rate on a sum of money at the end of two years is R...
- 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...
- Ravi deposits Rs. 8,240 on simple interest at 5% per annum for 4 years. If the total amount he gets back is Rs. '2m', then find the product of the digits o...
Ravi lends Rs. 10,000 to two of his friends. He gives Rs.5,000 to the first at 15% p.a. simple interest. Ravi wants to make a profit of 20% on the whole...
A man invested Rs. 's' in scheme 'G' offering simple interest at 8% for 5 years and Rs. 2,200 in scheme 'H' offering simple interest at 9% for 4 years. ...
- P deposited ₹31250 in a bank at the rate of 8% compound interest compounded annually. Find the interest received by P after 3 years.
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