Question
In Insurance policies we always find a date which is
“Date of Maturity”. What does it mean?Solution
The maturity date is the date on which the principal amount of a note, draft, acceptance bond or another debt instrument becomes due and is repaid to the investor and interest payments stop. It is also the termination or due date on which an installment loan must be paid in full.
There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 16,000 after 3 years at the same rate?
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The difference between compound interest and simple interest at the same rate for Rs. 1800 for 2 years is Rs. 18. The rate of interest per annum is:
The simple interest received on a certain sum is Rs. 500 less than the sum invested. If the sum was invested at 12% p.a. for 8 years, then find the simp...
The ratio of the compound interest earned on an amount of Rs. 'p' at an interest rate of 15% per annum for 2 years to the simple ...
