Question
A certain amount becomes Rs. 7,680 in 6 years and Rs.
9,120 in 9 years on simple interest. Determine the rate of interest per year.Solution
ATQ,
Interest earned in 3 years = 9,120 - 7,680 = Rs. 1,440 Interest earned in 1 year = 1,440 / 3 = Rs. 480 Interest earned in 6 years = 6 × 480 = Rs. 2,880 Principal amount = 7,680 - 2,880 = Rs. 4,800 Rate of interest = (480 / 4800) × 100 = 10% p.a.
The Chairperson of the IFSCA Act shall not hold office after he has attained the age of ___________________
Which of the following is not a component of MCLR?
The freedom to convert a country's domestic currency into foreign currency and vice versa, without any restrictions or limitations is known as _________...
How many instrumental factors were used to compile Global Financial Centres Index (GFCI) 33?
Which of the following institutions/treaties are engaged in setting up of financial standards and regulations that influence the global financial system?
Which age group is eligible to buy the ABSLI Anmol Suraksha Kawach plan?
Consider the following statements in regards to the Economic Survey of India:
1.The final version of the Economic Survey is scrutinized by the Fi...
Which of the following is not one of the features of a Global Financial Centre?
If a company fails to receive the minimum amount of subscription for the securities issued, it has to refund the application money within how many days...
When did GIFT City's first international exchange, India International Exchange, start its operation?
