Tag: banking
Questions Related to banking
$A$ started a business with a capital of $Rs.10000$. Four month later, $B$ joined him and $2$ more moth letter , $C$ joined them in the partnership. If at the end of the year, all of them got an equal shares of profit, what was $C's$ investment?
A person pays $ $400$ every year as loan installments to a bank. If every year bank increases the installment amount by $10$%, the find the total amount he pays in installments in $4$ years.
A man borrows Rs. $200$ at $ 5$% compound interest. At the end of each year he pays back Rs. $50$. At the end of $4 $ years he owes
Lakshman borrowed Rs. $20$ lakhs as housing loan from ICICI at $10\%$ p.a to be repaid in $10$ years. if the EMI is Rs. $2500$ per lakh, find how much he pays as interest in the first month. Find also he principal repaid then.
A sum of Rs $550$ was taken as a loan. This is to be paid back in two equal instalments. If the rate of interest be $20\%$ compounded annually, then the amount of each instalment will be
A television set is sold for Rs. $10000$ cash on Rs. $2000$ cash down followed by six equal instalments of Rs. $1600$ each. What is the rate of interest?
Raghav buys a shop for $Rs. 1,20,000$. He pays half of the amount in cash and agrees to pay the balance in $12$ annual installments of $Rs. 5000$ each. If the rate of interest is $12\%$ and he pays with the installment the interest due on the unpaid amount find the total cost of the shop.
What sun will become Rs 9826 in 18 months if the rate of interest is $\displaystyle 1\frac{1}{2}$% per annum and the interest is compounded half-yearly?
The NAV of a unit in mutual fund scheme is Rs $10.65$, then find the amount required to buy $500$ such units.
What annual instalment will discharge a debt of Rs. $2710$ due in $4$ years at $7\%$ simple interest?