Find the rate of simple interest at which Rs. 6000 should be invested for 2 years so that the interest earned will be same as the interest received when the same amount is invested at 40% at compound interest compounded annually for same time period.
Compound interest earned in 2 years = 6000 × [(1.40)^2 – 1] = 0.96 × 6000 = Rs. 5760 Let the rate of simple interest is R% According to question, (6000 × R × 2)/100 = 5760 120 × R = 5760 R = 48%
Which of the following Government Scheme was launched with an aim for facilitating credit to SC/ST and Women entrepreneurs?
Expand MCLR
Which of the following is considered an intangible asset?
_________ is a formal communication whereby employees engage in crosswire communication across the boundaries of their reporting relationship irrespecti...
As per the Union Budget 2023 announcements, Extension of tax benefit period for relocation of AIFs (Alternate Investment Fund) to new find location in G...
The country’s retail inflation had crept above the RBI’s tolerance range in January 2022. It remained above the target range for ten months before r...
The Porter & Lawler model of motivation is an extension of the
Within one year of incorporation, what should be the ratio of net owned funds to the deposits for Nidhi companies?
Which among the following is NOT a constituent of Tier-II capital of banks according to BASEL Accord?
Scheduled Commercial Banks (other than RRBs, PBs and LABs) with past digital banking experience are permitted to open DBUs (Digital Banking Units) in ...