In August 2023, RBI has issued revised rules for penal interest on loans. When will these rules become effective?
It will come into effect on 1 January 2024.
A man invested Rs. 16,000 at simple interest of 'x%' p.a. and received Rs. 32,000 after 2 years. If he had invested Rs. 21,000 at simple interest of 'x%...
A table is available for Rs.350 or for Rs. 150 cash down payment together with Rs.230 to be paid after two months. Find the rate of interest charged und...
A person borrows Rs 200 at 5% compound interest per annum. If he returns Rs 100 after one year, then how many more rupees will he have to pay at the end...
The simple interest received on a sum at the rate of 4 percent per annum is 3/5 of the sum. What is the time period?
Aman invested Rs. 'a' and Rs. (a + 2300) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If...
The compound interest on a certain amount for 2 years at 4% per annum is ₹ 1,428 if interest is compounded annually. Find the simple interest on that ...
Rs. ’P’ invested at a rate of 16% p.a. compound interest (compounded annually) amounts to Rs. 9419.2 at the end of 2 years. Find the simple interest...
The interest earned when a sum is invested at simple interest of 20% p.a., for 3 years, is Rs. 1500. What will be the total amount received after 2 year...
Simple interest earned on an amount of Rs.1600 at rate of R% per annum after 3 years is Rs.336. Find the simple interest earned on an amount of Rs.1500 ...
Suresh earned an interest of Rs. 516 on principal amount of Rs. 1600 at some rate of compound interest in 2 years. How much more/less interest would he ...
