Features of NBFCs ·        NBFC cannot accept demand deposits. ·        NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself. ·        Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.
Nisha deposited Rs. ‘P’ in a bank offering compound interest of 11% p.a. compounded annually. After 2 years, she invested the amount received from t...
Atul invested in scheme A and B that provide simple interest at the rate of 12% and 15% for 3 years and 5 years, respectively. Interest received from sc...
A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2500 after 5 years. If the same amount is investe...
A man deposited Rs. 16000 at 10% compound interest, compounded annually while Rs. 14000 at 13% simple interest per annum. What will be the difference be...
Rs.26000 is split into two sums such that the Simple Interest on one part for 5 years at 10% equals the Simple Interest on the other part for 6 years at...
The time required for a sum of money to amount to 4 times itself at 15% simple interest p.a. will be
A man invested Rs. 'A' at simple interest of 10% and Rs. 'A + 3000' at simple interest of 8% p.a., for 6 years each. If the interest earned from both in...
A certain sum when invested at compound interest (compounded annually) of 8% p.a. for 4 years, gives an interest of Rs. 4879.20. Calculate the approxima...
What would be the annual interest accrued on a deposit of Rs.24,550 in a bank that pays a 22% per annum rate of simple interest?
A certain sum of money invested at R% p.a. simple interest amounts to Rs.17760after 4 years and Rs.22080after 7 years. If the same sum of money is inves...
