Question
A sum of Rs.12000 was lent partly at 5% and partly at 3%
simple interest. The total annual interest be Rs.450. Quantity I. Part lent at 5% SI. Quantity II. Part lent at 3% SI.Solution
Let the money invested at 3% be Rs.x and at 5% be Rs.(12000 - x). Then (x X 3 X 1)/100 + (12000 - x) x 1 x (5/100) = 450 (3x/100) + 600 - (5x/100) = 450 => 2x/100 = 150 ⇒ x = 7500 Quantity I. 12000 - 7500 = 4500 Quantity II. x = 7500 Quantity I < Quantity II
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
As per the priority sector lending (PSL) norms as revised in March 2025, what is the target for lending to non-corporate farmers within the agriculture ...
In the modern business environment, the concept of Corporate Social Responsibility (CSR) has become a significant aspect of corporate governance. This c...
In the financial markets, the process of dematerializing government securities involves converting physical certificates into electronic form. This proc...
In the evolving landscape of financial markets, the structure and governance of stock exchanges have undergone significant changes to improve transparen...
In case of securitization of standard assets, what is the Minimum Retention Requirement (MRR) for underlying loans of maturity – 24 months or less; ? ...
Which of the following documents will be considered as the primary KYC for the Atal Pension Yojana?
Which of the following is not true about Pradhan Mantri Mudra Yojana?
1. Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’bl...
What is the upper limit of the guarantee cover under the CGTMSE scheme for micro and small enterprises ?
As per the Nayak committee, an MSME can avail working capital from a bank to the extent of ______ of its annual projected turnover?
Relevant for Exams:
