Net Owned Fund (NOF) for ARCs shall be minimum Rs.100 crore on an ongoing basis with effect from April 28, 2017. Accordingly, no ARC shall commence or carry on the business of securitization or asset reconstruction without having NOF of not less than Rs.100 crore.
A person invested Rs. 7500 at a simple interest rate of 12% per annum, and also invested Rs. 8000 at a compound interest rate of 15% per annum, compound...
David takes a loan of Rs. 20000 from his friend Alex, which he is to return at 10% p.a. simple interest after 5 years. Alex takes...
The simple interest at k% for k year will be Rs. k on a certain sum. Find the principal amount.
If the ratio of the sum invested and simple interest received after 1 year is 25:14 respectively, then find the rate of interest.
Mr. P invested Rs. ‘4x’ in scheme ‘A’ offering simple interest of 25% p.a. and reinvested the interest earned from scheme ‘A’ at the end of ...
An investment of ₹15,000 is made for 4 years at an annual compound interest rate of 6%. After 2 years, ₹5,000 is withdrawn. Calculate the approxima...
Rs. 7000 is invested in scheme ‘A’ for 2 years and Rs. 5000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 15% ...
Suresh earned an interest of Rs. 1548 on principal amount of Rs. 4800 at some rate of compound interest in 2 years. How much more/less interest would he...
A sum of money C is Rs. 8000 more than B, B and C are invested at 10% p.a and 12.5% p.a, S.I for two years and the difference between the interest obtai...
The sum of four times of an amount ‘s’ and (s - 9.75) is ₹442. Find the approximate value of 's'?
