Question
ATMs that are set up, owned, and operated by non-banks
are known as _______.Solution
White Label ATMs are those operated by non-bank entities. These ATMs provide banking services to customers from multiple banks, under the authorization and regulatory oversight of the Reserve Bank of India, enhancing financial accessibility.
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Rs. (n + 150) invested on simple interest amounts to Rs. 1,950 and Rs. 2,250 in 3 years and 5 years, respectively. Find the value of 'n'.
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Divide Rs 2,760 in to two parts such that when these are invested for 2 and 4 years, respectively, at the rate of 5% per annum simple interest, the amou...
Rs. 9,000 is invested in scheme ‘A’ offering simple interest of 20% p.a. and Rs. 6,500 in scheme ‘B’ offering simple interest of 8% p.a. What is...
1000 rupees is invested in a scheme p.a. simple interest. Another amount (1000 – x) is invested in scheme B at 2R% p.a. simple interest. After 5 y...
- Priya invested Rs. 5,500 in scheme ‘C’ offering simple interest of 12% p.a. After 5 years, she reinvested the interest earned in scheme ‘D’ offerin...
