Question
A sum of Rs. 7500 was invested at a certain annual compound
interest rate and earned Rs. 1908 in interest over 2 years. What was the annual rate of interest?Solution
ATQ,
Let the rate of interest is R% per annum.
According to question,
7500 × [(1 + R/100)² – 1] = 1908
(1 + R/100)² – 1 = 159/625
(1 + R/100)² = 159/625 + 1
(1 + R/100)² = 784/625
1 + R/100 = 28/25
R/100 = 3/25
R = 12%
Self Reliant India (SRI) Fund Scheme of the Ministry of MSME provides equity funding to those MSMEs which have the potential and viability to grow and b...
With regards to Development finance which of the following is correct:
1.Development finance is effort of only public sector Â
2.Develop...
Consider the following statements regarding Ramsar Site:
1)It is a wetland of international importance under Ramsar Convention, 1971 established ...
What is the role of Depository Participants (DPs) in the Indian capital market?
As per RBI guidelines, a bank should price retail loans, especially housing loans based on which of the following?
As per RBI guidelines, banks must dispose of all credit applications from Micro and Small Enterprises (MSEs) seeking loans up to ₹25 lakh within what ...
Inflation that arises due to rising costs of production inputs such as wages and raw materials is referred to as:
ABC Company extends credit terms of 45 days to its customers. Its credit collection would be considered poor if its average collection period was
Which of the following would be considered a 'cash-flow item from an "investing" activity'?
 In India, day count convention for Money Market is different from day count convention for Bond Market. The day count convention for Money market is _...
Relevant for Exams:
