Question
Which of the following two Russian Bank are the first
foreign lenders to have received approval from the RBI towards settling international trade transactions in rupee?Solution
Russia’s two largest banks — Sberbank and VTB Bank — are the first foreign lenders to have received approval from the RBI towards settling international trade transactions in rupee.
A sum becomes 5 times in 20 years under simple interest at the rate of r% per annum. Find the rate of interest.
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A certain amount of money at simple interest amounts to ₹1,404 in 2 years and to ₹1,560 in 5 years. What is the rate of simple interest per annum ?
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