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simple interest solved questions | practice problems

q.2. find out the capital required to earn a monthly interest of rs. 210 at 7 % simple interest.

income tax on bank fixed deposit interest income

explaining this with an example if you want to invest rs. 200000 and the interest rate is 10% you will get interest income of rs 20000. since this figure exceeds rs 10000 your bank will deduct tds on it. however if you divide this fd between 3 different banks you will get interest of rs 3333 in each bank.

interim budget 2019 proposes to raise tds limit to rs

finance minister piyush goyal in his interim budget 2019 speech has proposed to raise tds threshold for interest earned on bank and post office deposits to rs 40000 from the current rs 10000. shalini jain partner ey india says "for taxpayers this would mean that no tds will be deducted from the interest income up to rs 40000.

what is the compound interest for rs. 2000 for 2 years at

hi based on your data please find the attached answer. tried for - fixed deposits input : deposit amount = 2000 interest % (per year) = 15 interest frequency = yearly tenure (in months) = 24 results: interest earned = ₹ 645.00 maturity amount =

aptitude - compound interest - indiabix

what will be the compound interest earned on an amount of rs. 5000 in 2 years? i. the simple interest on the same amount at the same rate of interest in 5 years is rs. 2000. ii. the compound interest and the simple interest earned in one year is the same. iii. the amount becomed more than double on compound interest in 10 years.

deduction under section 80tta :tax on interest on savings

earlier interest was paid on the minimum balance kept in the bank account during the month. thus if you had rs. 90000 in your bank account for the whole month and for 1 day the balance was rs. 10000 you would be paid interest only on rs. 10000 and not on rs. 90000 (an easy example has been taken for the purpose of understanding).

simple interest - solved examples - set 1

2. arun took a loan of rs. 1400 with simple interest for as many years as the rate of interest. if he paid rs.686 as interest at the end of the loan period what was the rate of interest?

annuities – mathstips

each installment a=rs 10000. rate of interest r=6%=0.06. m= 4 m + n=12. using the formula present value. example 2: veena is allotted an lig flat for which she has to make an immediate payment of rs 1 lac and 10 semi-annual payments of rs 50000 each the first being made at …

simple interest exercise - maths questions answers with

simple interest exercise - mathematics or quantitative aptitude questions answers with solutions for all other competitive exams.

simple interest: concepts examples and practice questions

ajay invested half of his savings in a mutual fund that paid simple interest for 2 years and received rs. 550 as interest. he invested the remaining in a fund that paid compound interest interest being compounded annually for the same 2 years at the same rate of interest received rs. 605 as interest.

find the compound interest on rs. 16000 at 20% pe

compound interest questions & answers for bank exams bank po : find the compound interest on rs. 16000 at 20% per annum for 9 months compounded quarterly

in what time will rs. 3300 becomes rs. 3399 at 6%

compound interest questions & answers for aieeebank examscatgate bank clerkbank po : in what time will rs. 3300 becomes rs. 3399 at 6% per annum interest compounded half-yearly ?

what is the interest on rs. 100000 if the interest rate

may 29 2018· depends on whether the interest is compounded monthly quarterly half yearly or annualy. for eg. a monthly compounding at 12% p.a. will fetch rs. 1000 in the first month (100000*(1/12)*12%) however for the second month you will get interest on

how to calculate interest on savings account and fixed

say mr. anupam has rs. 100000 in his account on day 1. he withdraws rs. 50000 after 7 days. and then deposits rs. 30000 on the 14th day. and thereafter there are no transactions. assuming the rate of interest is 4% let’s look at the interest he has earned for the month of january.

annuities – mathstips

each installment a=rs 10000. rate of interest r=6%=0.06. m= 4 m + n=12. using the formula present value. example 2: veena is allotted an lig flat for which she has to make an immediate payment of rs 1 lac and 10 semi-annual payments of rs 50000 each the first being made at the end of 3 years.

rs financial definition of rs

r fifth letter of a nasdaq stock symbol specifying that the stock has rights. r a symbol appearing next to a stock listed on nasdaq indicating that the share being traded comes with a right. all nasdaq listings use a four letter abbreviation; if an r follows the abbreviation this indicates that the share has rights attached to it. r 1. used in the

how to calculate interest on savings account and fixed

say mr. anupam has rs. 100000 in his account on day 1. he withdraws rs. 50000 after 7 days. and then deposits rs. 30000 on the 14th day. and thereafter there are no transactions. assuming the rate of interest is 4% let’s look at the interest he …

bank fixed deposit: interest rates bank fixed deposit

get all the details on bank fixed deposits in india list of banks for fixed deposits interest rates fixed deposits rating fixed deposits schemes and bank fixed deposits 2019

a certain sum of money at simple interest becomes rs. 1062

answer: 9% explanation: let the certain sum of money be x. the amount received in 2 years = rs. 1062. the amount received in 3.5 years = rs. 1183.5. the difference between the amount received in 2 years and 3.5 years is the interest amount for 1.5 years (3.5 years - 2 years) since it is simple interest.

what do we mean by 2 rupees interest for the loan amount

feb 25 2012· what do we mean by 2 rupees interest for the loan amount of 20khow do we calculate intrest amount? 1 following . 4 answers 4. report abuse more over interest is deducted and the balance amount is given. at the end of 1 month borrower has to back rs.20000.

compound interest - aptitude test questions shortcuts

principal = rs. 500 amount (principal + compound interest) = rs. 583.20 time = 2 years here we are given principal and the total amount. we have to find the rate of interest per annum applied on the principal. learn the basic formulae and remember the tricks of compound interest to solve numerical quickly.

what is the difference between compound interest on 5000

find an answer to your question what is the difference between compound interest on 5000 for 1 and half years at 4% per annum according as the interest is compo…

difference between ci and si: compound and simple interest

a. rs. 5 b. rs. 40 c. rs. 20 d. rs. 10. the correct answer is a. 3. if it is given that simple interest is 10.5% annually and compound interest is 10% annually what will be the difference between the interests on a sum of rs? 2000 after 3 years?

epf interest rate calculation - bankbazaar

calculation of the total epf balance that will be present in the account at the end of the year is the addition of the total balance that is present at the end of the last month and the total interest that has been generated. therefore the total balance available in the account is: rs.100212 + rs.3973 = rs.104185. history of epf interest rates

simple interest and compound interest – mathstips

principal of the second year was rs. 10500 and so amount at the end of the second year = rs. 10500 + rs. 525 = rs. 11025. so compound interest= rs. (11025 – 10000) = rs. 1025. note: the c.i. can also be found by adding the interest for each year. compound interest calculation from simple interest where interest is compounded half yearly.

introduction to interest

interest (an introduction). interest: how much is paid for the use of money (as a percent or an amount) money is not free to borrow. people can always find a use for money so it costs to borrow money.. how much does it cost to borrow money?

compound interest formula and calculator - paisabazaar

for this formula p is the principal amount r is the rate of interest per annum n denotes the number of times in a year the interest gets compounded and t denotes the number of years. in order to understand this better let us take the help of an example: sania made an investment of rs …

compound interest versus simple interest

interest is the cost of borrowing money where the borrower pays a fee to the lender for using the latter's money. the interest typically expressed as a percentage can be either simple or

ppf calculator ppf interest rates sbi icici post

oct 01 2019· banks offer ppf accounts at the rate fixed by indian government. current ppf interest rates offered by all banks is 7.9% as applicable from october 1st 2019. ppf calculator calculates the maturity amount and interest earned depending upon the type of investment you make (fixed or variable).

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