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MIBOR (Mumbai Interbank Offer Rate) is the rate at which banks borrow unsecured funds from one another in the interbank market. National Stock Exchange (NSE) launched the Mumbai Interbank Offer Rate (MIBOR) and Mumbai Interbank Bid Rate (MIBID) in June, 1998. The NSE developed a benchmark rate for the term money market, like the 14-day, 1-month and 3-month MIBOR. The same was later named as FIMMDA-NSE MIBID/MIBOR rate in due course. The rate is representative of 30 banks and primary dealers.
Rahul invested a certain amount at a simple interest rate of 8% per annum, and after 6 years, it grew to Rs. 1,850. If he had instead invested the same ...
A sum of Rs. 40,000 is invested in SIP 'E' which offers 8% p.a. simple interest for 6 years. The interest received from SIP 'E' is invested in SIP 'F' w...
Raghav placed an amount of Rs. 'x' in an account with an annual compound interest rate of R%. After 3 years, the compounded annual amount is Rs.12167. A...
A certain sum amounts to ₹13000 after 4 years and to ₹16000 after 8 years at the same rate percent p.a. at simple interest. The simple interest (in ...
The difference between compound and simple interest on a sum of money for 2 years at 4% per annum is Rs. 580. The sum is:
An initial investment of Rs. x, when placed in an account offering r% per annum as simple interest over a period of 16 years, grows to five times its or...
Amit invested a total of Rs. 14,000, dividing the amount between two schemes: one offering compound interest (compounded annually) and the other offerin...
Simple interest earned on an amount of Rs. 1000 at rate of R% per annum after 4 years is Rs. 200. Find the simple interest earned on an amount of Rs. 16...
After 2 years, the ratio between the compound interest obtained from scheme A and B is 99:115 respectively. The total initial investment of both of the ...
A person lent Rs. 15000 at SI for 2 years at rate 20%. The interest he got again lent at CI for 2 years at rate 10%. Find the amount he got after 2 years.