Question
At simple interest, a certain sum of money amounts to
₹1,250 in 2 years and to ₹2,000 in 5 years. Find the rate of interest per annum (rounded off to two places of decimal).Solution
ATQ, Find interest for 3 years = 2000−1250 = 750 Interest for 1 year = 750÷3=250 Principal (P) = P=1250−(250×2) = 750 
Substitute values = R = [(250×100)/(750×1)] = 33.33%
The mortgagor binds himself to repay the mortgage-money on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but subject...
Preventive relief is granted at the discretion of the court by injunction, temporary or perpetual is provided under which section of the Specific Relief...
What methods have been mentioned in the Minimum Wages Act, 1948 for fixation and revision of minimum wages ?
Which of the following is known as a hybrid form of business?
Goods to be manufactured or produced or acquired by the seller after the making of the contract of sale are called
The Pension Fund Regulatory and Development Authority is composed of the following_______________
Which of the following is the appropriate definition of partnership?
What is the definition of a "foreign insurer" as per the General Insurance Business (Nationalisation) Act, 1972?
Who among the following is the propounder of the “pigeon- hole” theory?
What is the minimum and maximum number of directors required in a public company as per the Companies Act, 2013?
Relevant for Exams:
