Tag: banking
Questions Related to banking
Which statement is wrong regarding Systematic Investment Plan:
A man borrows $Rs. 6000$ at $5\% $ $C.I.$ per annum$.$ if the repays $Rs.1200$ at the end of the each year$,$ find the amount of the loan outstanding at the beginning of the third year$.$
A man borrowed Rs.4000 at 10% per annum compound interest.At the end of each year he has repaid Rs.1000.The amount of money he still incurs after the third year is -------- .
Mutual Fund is a professionally managed investment scheme, run by an AMC i.e. Asset Management Company and they invest their own money in different schemes.
The price of a T.V. set worth Rs. 20,000 is to be paid in 20 instalments of Rs. 1000, each. If the rate of interest be 6% per annum, and th6 first instalment be paid at the time of purchase, then, the value of the last instalment covering the interest as well will be : (Hotel Management, 1998)
The profit of a company (whose capital is divided into 25, 000 shares of Rs. 10 each) for the last three years are: Rs. 50, 000; Rs. 60, 000 and Rs. 40, 000. The fair return on investment is taken at 10% p.a. The value of company's share will be __________.
Ajay and Anil start a business in partnership. Anil invested $Rs.300$ more that Ajay for half the number of months that Ajay did. If, out of the total profit of $Rs.375$ of the one year, Ajay got $Rs.25$ more than Anil, what was the investment made by Anil?
Mr. Dua invested money in two schemes P and Q offering compound interest @ 8 p.c.p.a. and 9 p.c.p.a respectively. if the total amount of interest accrued two schemes together in two years was Rs 4818.30 and the total amount invested was Rs 27, 000, what was the amount invested in Scheme P?
A family made a down payment of $75 and borrowed a set of encyclopedias that cost $400. The balance with interest was paid in 23 monthly payments of $16 each and a final payment of $9. What was the per cent of interest to the borrowed sum?
A $500 investment and a $1,500 investment have a combined yearly return of 8.5 per cent of the total of the two investments. If $500 investment has a yearly return of 7 per cent, what per cent yearly return does the $1,500 investment have?