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ATQ, we can say that S.I = ((P x R x T)/100) 3840 = 6400 x 12/100 x T T = 5 years Rs.6400 is invested for 2 years at 10% p.a. CI. Required interest = Rs 1050
Consider the following statements about Interest Equalisation Scheme:
1. It provides pre- and post-shipment export credit to exporters in rupee...
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