The simple interest received on a certain sum is Rs. 4500 less than the sum invested. If the sum was invested at 5% p.a. for 15 years, then find the simple interest received.
Let the sum invested be Rs. x Therefore, simple interest received = Rs. (x – 4500) According to the question, {(x × 5 × 15)/100} = x – 4500 => 0.75x = x – 4500 => 0.25x = 4500 => x = 4500/0.25 = 18000 Therefore, simple interest received = x – 4500 = 18000 – 4500 = Rs. 13500
Who is the Chairman of Board for Regulation and Supervision of Payment and Settlement Systems (BPSS)?
RBI recently imposed several restrictions on Indian Mercantile Cooperative Bank Ltd. including a cap of Rs 1 lakh on withdrawals. The Indian Mercantile ...
The IMF and the World Bank were conceived as institutions to-
Which of the following acts is/are associated with management of foreign exchange and prevention of money-laundering?
Which among the following is/are the area(s) of operation regarding which complaints can be received by the Banking Ombudsman?
With the information given below, what is the Equity Multiplier of a firm?
Total Assets of the firm = 200,000
Total Debt =50,0...
RBI recently superseded the boards of directors of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), citing governan...
Which of the following is considered Non Tax Revenue of the Govt., of India as projected in the Union Budget?
A company has 10 million shares of face value Rs.10 each, issued in the market. The current book value of the share is Rs.30 and market price is Rs.50...
Which institution is the most important constituent of Indian money market?
