Question
A person invested a total of Rs.
50,000 in two different schemes. One scheme offers simple interest of 8% p.a., and the other scheme offers 12% p.a. If the total interest earned from both schemes at the end of 3 years is Rs. 13,800, how much was invested in the scheme offering 8% p.a.?Solution
ATQ,
Let the amount invested in the scheme offering 8% p.a. be Rs. x. So, amount invested in the scheme offering 12% p.a. = Rs. 50000 β x. ATQ,
Thus, the amount invested in the scheme offering 8% p.a. is Rs. 35,000.
Which of the following is true?
I. Small Industries Development Bank of India (SIDBI) is a central or apex institution for financing agricultu...
Maximum limit of SLR is
KYC guidelines followed by the Banks have been framed on the recommendations of the ______
Axis Bank has its Head office in __________ and Registered office in _________ .
Under which Act, Banking ombudsman has been constituted?
The Cheque Truncation System (CTS) in India is first introduced in the year?
What was the position of India in the Global Hunger Index released in October?
Which of the following is true about the discounting of bill of banks?
I. Banks provide short-term finance by discounting bills, by making pay...
Which of the following is not the function of ATM?
Maximum limit of SLR is