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Contract Act Section 21. Effect of mistakes as to law: A contract is not voidable because it was caused by a mistake as to any law in force in India; but a mistake as to a law not in force in India has the same effect as a mistake of fact.
1000 rupees is invested in a scheme p.a. simple interest. Another amount (1000 – x) is invested in scheme B at 2R% p.a. simple interest. After 5 y...
A man invested Rs. 15,000 at simple interest of 'x%' p.a. and received Rs. 30,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%...
Rs. 28000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 40 less than the i...
An investment of ₹15,000 is made for 4 years at an annual compound interest rate of 6%. After 2 years, ₹5,000 is withdrawn. Calculate the approxima...
What will be the ratio of simple interest earned on certain amount at the same rate of interest for 5 years and that for 10 years?
X invested Rs. 3600 at an annual simple interest rate of (a + 10)% and Rs. 2400 at an annual simple interest rate of a%. After 3 years, the total intere...
If Rs. 4000 becomes Rs. 5760 in 2 years at compound interest (compounded annually), then what is the annual rate of interest?
A certain sum when invested for 3 years in a scheme offering simple interest of 12% p.a. gives an interest of Rs. 990. What is 120% of the sum invested?
Sam invested a certain sum in scheme A for 5 years and in scheme B for 3 years, a sum which was double of that invested in scheme A. Both the schemes of...
A sum of Rs. 2600 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find ...
