What would be the annual interest accrued on a deposit of Rs.24,550 in a bank that pays a 22% per annum rate of simple interest?
ATQ, Principal (P) = Rs. 24,550 Annual Interest Rate®= 22% or 0.22 in decimal Time (T) in years = 1 year (for annual interest) Using the simple interest formula: Interest (I) = P × R × T Now, plugging in the numbers: I = 24,550 × 0.22 × 1 Now, calculate the multiplication: I = Rs. 5,401 The annual interest accrued is Rs. 5,401.
Four Presidency Banks were merged to form Imperial Bank of India in 1921
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_________ is the term related to the contraction in the supply of circulated money within an economy.
The Constituent Assembly, following the partition of India in 1947, consisted of how many members as on 31st December 1947?
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1. Presence ...
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_______of the following banks has launched the first of its kind stressed asset recovery automated solution (SARAS) to accelerate the recovery of bad lo...