In a bid to promote digital transactions, the Reserve Bank increased the per transaction limit from Rs 2 lakh to Rs 5 lakh through Immediate Payment Service (IMPS). Money can be sent to any beneficiary through IMPS mobile platform by only providing his/her mobile no. and Mobile Money Identifier (MMID). IMPS managed by the National Payments Corporation of India (NPCI) is an important payment system providing 24x7 instant domestic funds transfer facility and is accessible through various channels like internet banking, mobile banking apps, bank branches, ATMs, SMS and IVRS.
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If the ratio of the sum invested and simple interest received after 1 year is 20:9 respectively, then find the rate of interest.
A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at a...
If Rs. 25,000 is loaned at a compound interest rate of 50% per annum, and the interest is compounded once every year, what will t...
The interest earned on investing Rs. 6000 for 2 years at the rate of 8% p.a., compounded annually, is used to purchase an article. If the article is lat...
Vishal has certain sum of money with him. He invested 80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 39...
A sum of Rs. 2600 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find ...
When 19.62% of Pawan's monthly salary, which is the total of 15721.33 and 19678.9, is equally distributed among four different SIPs, what is the approxi...
Anjali invested Rs.6000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from t...
