Rate of interest is determined by...

Rate of interest is determined by

The rate of return on the capital invested

Central Government

Liquidity preference

Commercial Banks

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The correct Answer is:

Liquidity preference

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The compound interest on a certain sum at a certain rate of interest for the second year and third year is Rs 21780 and Rs. 23958 respectively. What is the rate of interest ?

The compound interest on a certain sum at a certain rate of interest for the second year and third year is ₹ 21780 and ₹ 23958, respectively. What is the rate of interest?

The difference between the compound interest (compounded annually) and simple interest, for two years on the same sum at the amount rate of interest is Rs 370. Find the rate of interest if the simple interest on the amount at the same rate of interest for 1 year is Rs 3700.

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