Question
The rate of simple interest for which ₹12,000 will amount
to ₹14,400 in 5 years is:Solution
ATQ;
Simple interest = 14,400 - 12,000 = ₹2,400
Rate% = (2,400 × 100) / (12,000 × 5) = 240,000 / 60,000 = 4%
According to the revised RBI instructions, when must a Tier 1 Urban Co-operative Bank seek RBI’s prior approval to grant unsecured advances?
How much provision is required for an asset which is there in a doubtful category upto 12 months?
Which of the following pairs is not correctly matched?
Which ministry conducts the Annual Survey of Industries (ASI) in India?
What action should lenders take when a stressed loan is transferred to an ARC at a price below the Net Book Value (NBV)?
Which organization launched the World Migration Report 2024?
As per the priority sector lending (PSL) norms as revised in March 2025, w hat is the total PSL target for Domestic Scheduled Commercial Banks (excludin...
Calculate the Working Capital Turnover Ratio:
When was the Samadhaan Portal introduced for monitoring outstanding dues to MSEs?
Under the modern method of performance appraisal an assessee is requested to participate in in-basket exercises, role playing, discussions, computer si...
Relevant for Exams:
