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The government has relaxed the norms for various small savings schemes, including the Public Provident Fund (PPF) and Senior Citizen's Savings Scheme. The amended Senior Citizen’s Savings (Fourth Amendment) Scheme, 2023, now allows depositors to extend their accounts multiple times upon maturity to benefit from its attractive interest rates for a longer period.
The difference between compound and simple interest on a sum of money for 2 years at 25% per annum is Rs. 880. The sum is:
A person invests ₹40,000 at a simple interest rate of 5% per annum for 2 years and reinvests the total amount, including interest, in a scheme offerin...
Atul has Rs.400 with him. He invested 40% of the amount at 4% p.a. for 5 years and rest at 15% p.a. for 3 years. Find the sum of simple interests receiv...
A certain sum of money becomes Rs. 1960 in 1 year and 3000 in 3 years at certain rate of simple interest. Find the sum of money invested.
A sum of Rs. 10,000 is invested at a rate of 8% per annum for 3 years. What will be the difference between the compound interest compounded annually and...
Person K invested Rs. 4500 at a compound interest rate of 20% per annum (compounded annually) for 2 years, while person P investe...
A sum of ₹12,000 is invested for 3 years at a certain rate of simple interest. If the same sum was invested at the same rate for 2 years under compoun...
By investing Rs. 6,000 for 'a' years at an annual compound interest rate of 15%, the interest gained amounted to Rs. 1,935. Determine the simple interes...
The interest received by investing Rs. 3000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple int...
An initial investment of Rs. 10,000 is made at an annual compound interest rate of 10% for 4 years. After 2 years, an additional Rs. 5,000 is invested. ...
