# what is the interest for rs in

• ### Interest and Installment

This amount will be equal to the principal borrowed and interest given on that for 4 months Example A device is available for Rs 5000 cash or Rs 500 down payment followed by 4 equal installments If the

• ### Simple Interest Solved Questions

Dec 23 2018  Interest Earned = A P = Rs 1 53 778 Rs 1 00 000 = Rs.53 778 Always Remember Higher the compounding periods greater the interest you will get The current fixed deposits interest rates are quite low but only compounding can help your

• ### Aptitude Simple Interest Test 2

Simple Interest Aptitude Test Paper 2 6 A sum invested at the rate of interest 5 S.I grows to Rs 5400 in 4 years The same amount in 3 years at the rate of 10 per annum S.I will grow to Let the sum be Rs X 7 A sum of money at simple interest becomes Rs 3000 in 2 years and Rs 3540 in 5 years.

• ### Explained What are the rules for taxing interest on

Sep 09 2021  So the interest income of Rs 4 250 8.5 on Rs 50 000 will be taxed at the marginal rate If the individual falls in the 30 tax bracket he/ she will have to pay tax of Rs 1 325 For an individual contributing Rs 12 lakh in a year the tax will be applicable on interest income on Rs 9.5 lakh Rs 12 lakh minus Rs 2.5 lakh .

• ### Simple Interest

Aug 07 2019  Simple Interest SI = P x R x T / 100 where P is the principal R is the rate of interest per unit time period and T is the time period Final Amount = Principal SI Sample Problems Question 1 What would be the annual interest accrued on a deposit of Rs 10 000 in a bank that pays 4 per annum rate of simple interest

• ### SAMARESHFINANCE TIME VALUE OF MONEY

Jan 17 2013  This is achieved by depositing Rs 4 52 775 which provides the immediate payment of Rs 3 000 and leaves Rs 4 49 775 in the fund to provide the future Rs 3 000 payments SINKING FUND It is the fund created for a specified purpose by way of sequence of periodic payments over a time period at a specified interest rate.

• ### A sum fetched a total simple interest of Rs 4016.25 at

A sum fetched a total simple interest of Rs 4016.25 at the rate of 9 p.c.p.a in 5 years What is the sum a Rs 4462.50 c Rs 8032.50 c Rs 8900 d Rs 8

• ### Calculation of the Value of Bonds With Formula

Interest for the number of days held is calculated through the following formula For example if interest is 10 on the face value of Rs 1 000/ bond and interest is payable on March 31 and Sept 30 If a person sells the bond on June 30 his accrued interest will be

• ### Solved What is the difference between the compound

If A person invests Rs 8000 for 3 years on a certain rate of interest of simple interest and gets Rs 3600 as interest If he invests the same money on compound interest for Time 2 years at an equal rate of interest then find compounded interest if the interest is calculated on every 8 months.

• ### Senior Citizen Savings Scheme SCSS

A demonstration of interest calculation and the maturity amount is provided below Mr Amit deposits Rs 10 Lakh under SCSS on 1st April 2017 In that respective quarter of the Financial Year 2017 18 the interest rate offered was 8.4 Hence the total interest he is eligible to earn at maturity is Rs 8.4 5 or Rs 4.2 Lakh.

• ### Income Tax on Bank Fixed Deposit Interest Income

Apr 20 2021  It will face a tax of Rs 31 200 tax rate of 30 and 0.4 cess The TDS rate on fixed deposits FDs is 10 if the interest amount for the entire financial year exceeds Rs 10 000 for AY 2019 20 In the interim budget 2019 this TDS deduction limit on FD has been increased to Rs 40 000 annually which is applicable in AY 2020 21.

• ### A person borrowed a certain sum at 6 interest per annum

The compound interest on a certain sum for 2 years at 10 per annum is Rs 210 What is the simple interest on the same sum for double the time at half the rate percent per annul In short cut way CI=

• ### A sum of money at simple interest amounts to Rs

Simple Interest Questions Answers for AIEEE Bank Exams GATE Bank Clerk Bank PO A sum of money at simple interest amounts to Rs 415 in 2 years and to Rs 514 in 4 years The sum is

• ### SI and CI Practice Questions Questions Section Answers

Q3 A sum of Rs 1600 gives a simple interest of Rs 252 in 2 years and 4 months The rate of interest per annum is A 6 B 6 1/4 C 6 1/2 D 6 3/4 Q4 Reena took a loan of Rs 1200 with simple interest for as many years as the rate of the interest If she paid rs 432 as interest at the end of the loan period what was the rate of the

• ### Section 80TTB Tax Exemption for Senior Citizens on

Oct 28 2021  This section bestows the right to senior citizens to claim a larger deduction of Rs 50 000 on the interest income earned on deposits It is designed to help the senior citizens to maintain a decent lifestyle after the retirement phase many of whom depend on

• ### What is the difference between the simple and compound

7 Raman took a loan of Rs 15 000 from Laxman It was agreed that for the first three years rate of interest charged would be at 8 Simple interest per annum and at 10 Compound Interest compounded annually from the fourth year onwards Raman did not pay anything until the end of

• ### Aptitude Katta Aptitude Problems on Simple Interest

Mar 12 2020  The Correct answer is B Answer with explanation Principal = Rs 6000 Interest = Rs 720 Rate of interest = 6 Time or number of years = Try to solve more problems on simple

• ### Difference Between Simple Interest and Compound Interest

Find the simple interest Solution Given P = Rs 50 000 R = 3.5 T = 3 years SI = P R T / 100 Q.2 The count of a population of men was found to increase at the rate of 2 per hour Find the count at the end of 2 hours if the initial count was 600000.

• ### How Bank Calculate Interest

Dec 23 2018  Interest Earned = A P = Rs 1 53 778 Rs 1 00 000 = Rs.53 778 Always Remember Higher the compounding periods greater the interest you will get The current fixed deposits interest rates are quite low but only compounding can help your money grow.

• ### Simple Interest Formula Meaning All Formulas Calculations

Nov 10 2021  Q Simple interest on an amount at 4 per annum for 13 months is more than the simple interest on the same sum for 8 months at 6 per annum by rs 40 what is the principal amount A The Principal Amount is Rs 12000 Explanation Interest for 13 months at 4 Interest per year = 4 interest per month = 4 ÷ 12 = 1/3

• ### Better than SBI Post Office Fixed Deposit gives this

Sep 11 2019  Post Office Fixed Deposit gives this return with Rs 50000 Rs 100000 Rs 150000 Rs 200000 As banks respond to falling interest rates by reducing the

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### Living in a California Common Interest Development

The CC Rs will also state the duties and obligations of the association to its members insurance requirements and architectural control issues How are the CC Rs enforced California laws allow that either the association or an owner in a common interest development may file a lawsuit asking the court to enforce the CC Rs.

• ### Effective Rate of Interest Definition Concepts Formulae

Where ‘E’ is the effective rate of interest ‘i’ is the actual rate of interest in decimal and ‘n’ is the number of conversion periods Example 2 John invests Rs 5 000 in a term deposit scheme The scheme offers an interest rate of 6 per annum compounded quarterly How much interest will

• ### Compound Interest Formula and Calculator

The formula for calculating compound interest is A = P 1 r/n nt 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 50 000 with an annual interest

• ### Simple Interest S.I

A sum of Rs 725 is lent at the beginning of a year at a specific rate of interest After eight months a sum of Rs 362.50 more is lent but at the rate twice the former At the end of the year Rs 33.50 is earned as interest from both loans What was the actual rate of interest

• ### 40 Simple and Compound Interest Questions and Answers

Question 21 Find the amount of Rs 12000 after 2 years compounded annually the rate of interest being 5 p.a during the first year and 6 p.a during the second year also find the compound interest A.

• ### Simple Interest

Q 9Reema took a loan of Rs 1200 with simple interest for as many years as the rate of interest If she paid Rs 432 as interest at the end of loan period what was the rate of interest A10 B5 C6

• ### Canara Bank s Q2 net jumps 3 folds to Rs 1 333 cr on

Oct 26 2021  Canara Bank s Q2 net jumps 3 folds to Rs 1 333 cr on higher non interest income The banks provisions for NPA declined by 24.2 per cent to Rs 2 678 crore in the reporting period from Rs 3 533 crore in the year ago quarter.Gross non performing assets GNPA ratio increased to 8.42 per cent from 8.23 per cent in September quarter of fiscal 2021.

• ### Simple Interest

Mr Thomas invested an amount of Rs 13 900 divided in two different schemes A and B at the simple interest rate of 14 p.a and 11 p.a respectively If the total amount of simple interest earned in 2

• ### Solved Rs

If the same rate of interest is guaranteed under simple interest on a deposit of Rs.10 000 for 12 years how much interest do you stand to earn at the end of 12 years Q4 A fixed deposit of Rs 1 00 000 in a bank earns an interest of Rs 14 490 7 compounded annually.

• ### The compound interest on Rs 4000 at 10 per annum for class

The compound interest on Rs 4000 at 10 per annum for 2 years 3 months compounded annually is A Rs 916 B Rs 900 C Rs 961 D Rs 896

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### INTEREST PAYABLE BY THE TAXPAYER UNDER THE INCOME

If we want to compute interest under section 234A on Rs 8 489 for 3 months and 10 days then as per Rule 119A discussed above while computing the amount liable to interest any fraction of Rs 100 is

• ### How To Calculate Interest Rate Interest Rate Formulas

May 13 2020  If you compare both the simple interest and compound interest on the same principal with the same rate of interest and time period then the amount payable in the case of simple interest

• ### On what principal will the simple interest be Rs

Find the compound interest at the rate of 5 per annum for 3 years on that principal which in 3 years at the rate of 5 per annum gives Rs 1200 as simple interest Mathematics Q 5 .

• ### What is the rate of interest p.c.p.a I

What is the rate of interest p.c.p.a I An amount doubles itself in 5 years on simple interest II Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs 400 III Simple interest earned per annum is Rs 2000

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### INTEREST PAYABLE BY THE TAXPAYER UNDER THE INCOME

If we want to compute interest under section 234A on Rs 8 489 for 3 months and 10 days then as per Rule 119A discussed above while computing the amount liable to interest any fraction of Rs 100 is to be ignored and hence we will ignore Rs 89 and the balance amount will come to Rs 8 400 Interest will be computed on Rs 8 400.

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