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GFCs can play a significant role in facilitating capital account convertibility, i.e. the ability of individuals and institutions to freely move capital in and out of a country's financial system. Global financial centers play an important role in facilitating capital account convertibility, by providing a platform for cross-border financial transactions, developing financial infrastructure, encouraging foreign investment, promoting financial liberalization, and influencing international financial policy.
An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (co...
What will be the ratio of simple interest earned on certain amount at the same rate of interest for 5 years and that for 10 years?
The difference between compound and simple interest on a sum of money for 2 years at 5% per annum is Rs. 724. The sum is:
Rs. 5000 when invested at simple interest of r% p.a. amounts to Rs. 6000 in 24 months. If the same sum had been invested for 1 year at compound interest...
The difference between the simple interest and the compound interest on 25000/- at 10% per annum for 2 years is:
Veeru invested Rs. 3450 at 20% p.a. simple interest for 3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest...
When the interest accrued on a certain principal amount over four years is 4/9 times the interest earned on the same principal amount after another four...
Find the rate of simple interest at which Rs. 6000 should be invested for 2 years so that the interest earned will be same as the interest received when...
The compound interest (compounded annually) on Rs 8200 for 2 years at R% p.a is Rs 1722. Had the rate of interest been (R+10)% p.a what would have been ...
If a sum when placed at compound interest grows to Rs.6,400 in 2 yrs and to Rs. 8,000 in 3 yrs, find the rate percent p.a.
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