Rs.9000 is divided into two parts such that if one part be invested at 5% and the other at 7%, the annual interest from both the investments is Rs. 580. Find each part.
Let the amount lent at 5% rate = Rs. x. Then, amount lent at 7% rate = 9000 - x So, => 5% of x + 7% of (9000 - x) = 580 => 7% of 9000 – 2% of x = 580 => 630 – 2% of x = 580 => 2% of x = 50 => x = (50/2) × 100 => x = Rs. 2500 Amount lent at 5% rate = Rs. 2500 Amount lent at 7% rate = 9000 – 2500 = Rs.6500
What is true about the teaser loan rates charged by banks?
Which of the following is/are key policy rates used by RBI to influence interest rates?
A).Bank Rate and Repo Rate
B).Reverse Repo Rate
C).CRR and SLR
What is absorption time?
BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous positi...
In the terms of banking, what does 'R' pertain to in GIRO?
The Presidency Bank were merged into Imperial bank in the year –
Who is responsible for auctioning the treasury bills?
At the specified branches of which bank will the Electoral Bonds be issued
In which year the first Bank of India was established?
Fiscal Policy in India is formulated by whom?
