The minimum tenure of deposits to be taken by NBFCs is 12 months.All NBFCs are not allowed to take deposits. Only those NBFCs which have specific authorization from RBI are allowe d to accept/hold public deposits. NBFCs cannot take demand deposits. They can accept only term deposits with a tenure of minimum 12 months.
A man invested Rs.Y in a scheme S at 14% rate of simple interest for 7 years. After 7 years, he reinvested the amount received from the scheme S at same...
An initial principal sum of Rs. 8000, invested by Pranav, accrued interest at a compound rate of 20% annually for a period of 2 years. Subsequently, the...
Viraj invested Rs. 3500 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...
Simple interest earned on an amount of Rs.1400 at rate of R% per annum after 3 years is Rs.210. Find the simple interest earned on an amount of Rs.1600 ...
A woman invests Rs. 2000 at the start of each year at 5% compound interest per annum. How much will her investments be at the end of the 2nd year?
Mark invested Rs 15,000 in a scheme at simple interest 20% per annum. After three years he withdrew the principal amount plus invested the entire amount...
A certain sum is invested at a compound interest rate, compounded annually, which grows to Rs. 12,240 after 2 years and to Rs. 17,625.6 after 4 years. I...
Simran Funded Rs. 70,000 in two different SIP's. She funded the smaller amount at CI of 20% p.a. compounded annually, and larger amount at SI of 16.5% f...
A certain sum of money yields Rs. 9,930 as compound interest for 3 years at 10% per annum. The sum is (in rupees).
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1100 and Rs...
