Question
Rs. 8500 is invested in scheme ‘A’ for 2 years and
Rs. 6500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 13% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme ‘B’.Solution
Interest received from scheme ‘A’ = 8500 × 13 × 2 ÷ 100 = Rs. 2210 Let the rate of simple interest offered by scheme ‘B’ = ‘k%’ p.a. ATQ; 6500 × 2 × k ÷ 100 = 2210 Or, 130k = 2210 Or, k = (2210/130) = 17 So, rate of simple interest offered by scheme ‘B’ = 17% per annum.
Which base year is used for the calculation of GDP in India currently?
The Mudra Loans are collateral free but backed by government guarantee . Which of the following give the guarantee for Mudra loans ?
Which of the following documents will be considered as the primary KYC for the Atal Pension Yojana?
When a company decides to go public by listing its securities, it must navigate a series of regulatory and procedural steps to ensure compliance with th...
In the financial markets, the process of dematerializing government securities involves converting physical certificates into electronic form. This proc...
In the framework of monetary policy, central banks employ various tools to manage liquidity and control inflation within the economy. One such tool invo...
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 is not true about Pradhan Mantri Mudra Yojana?
1. Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’bl...
In the evolving landscape of financial markets, the structure and governance of stock exchanges have undergone significant changes to improve transparen...
Which of the following criteria disqualifies a person from the Pradhan Mantri Kisan Maandhan Yojana?
