How Can We Prepare For Interest Rate Hikes In Home Loans

Given below is a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumptions and decide which of the assumtions is implicit in the statement. Statement : ''This bank given the best interest rates on home loans'', claims a private bank. Assumptions : I. Bank gives low interest on home loan to attract customers. II. There are many people who take loans.

The Bank Rate is the rate of interest at which the Reserve Bank of India provides loans to the:

Anita takes a loan of Rs 5,000 at 15% per year as rate of interest.Find the interest she has to pay at end of one year.

Diljit received a sum of Rs 40000 as a loan from a finance company. If the rate of interest is 7% per annum compounded annually, calculate the compound interest that Diljit pays after 2 years.