What will be sinking fund for redeeming capital of Rs. 15 lacs at the end of 25 years @ 5% compound

What will be sinking fund for redeeming capital of Rs. 15 lacs at the end of 25 years @ 5% compound interest? a. 275000 b. 295000 c. 315000 d. 335000 Ans - c Solution : The sinking fund factor is the amount that accumulates to Re. 1 if invested at specified rate of interest for certain number of years. It can be obtained from Valuation Tables. The factor for redemption of Re 1 at the end of 25 years @ 5% compound interest is 0.021 from the table (see Appendix). Thus the sinking fund for redeeming original capital of Rs. 15 lacs will be 15,00,000 x 0.021 = 315000.

 

Thanks sir I have score abm 45 BFM 47 please suggest me what should I do in retail banking exam so

 

To clear caiib U should score ninimum 58 in elective paper then only 150 in total

 

Study -1 asked in CAIIB Retail Evening Shift A bank "X" issued a platinum credit card to mr. A with a credit limit of rs. 1,00,000. The bill date is 2nd of every month and due date is 22nd of the same month. The rate of interest charged is 2.38% per month. interest is calculated on daily basis. Note: there is no interest charged for the first 50 month. Overdue charges is rs. 600 Mr. A makes a shopping worth rs. 1,00,000 in the month of july and paid rs. 85000 on 22nd july and rest pays on 10th august with final payment. Q.1 For how much days interest will be paid? i) 18 days ii) 21 day iii) ..... days iv) No interest will be paid as MAD is paid Q.2 What will be the financial charges on final payment? Q.3 How much payment he will make in the full settlement at 10 august Q.4 What will be the overdue charges for the month? Q.5 What will be the late payment charges are levied on him

 

sir please provide right answer with explanation please

 

Mr. A has used is credit card limit fully. He has deposited 35,000 on 22 July. Remained 15,000 deposited on 10 Aug. 2015 • Limit 50,000 • Interest Rate 1.5% • Billing cycle due 2nd of each month • Due date of bill 22nd of each month • Overlimit withdrawl penalty 600 o Interest will be recovered for how many day ? o Interest will be recovered on which amount ? o How much interest will be recovered ? o If he withdrawals 65000 , and remained 30000 deposited on 10 aug. then How much finance charge will be there

 

Sir, es bar abm paper ke question kese the vo koi post kar sakta he

 

ABM paper July 2017 ke question kese the vo jan sakte he sir