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The idea of a Pure Theory of Law was propounded by the formidable Austrian jurist and philosopher Hans Kelsen (1881–1973). Kelsen began his long career as a legal theorist at the beginning of the 20th century. Kelson’s theory suggests that there is no need of explanation of natural law when it includes elements of politics, sociology or other elements. He believed that to understand the pure or natural law any possibility of morality or sociology or any other element should be excluded. So that’s why the theory is ‘pure’ and called Pure Theory of Law.
A sum of Rs. 9,600 grows to Rs. 12,696 when invested at an annual compound interest rate of 'R%' for 2 years. What is the value of 'R'?
A certain sum of money becomes Rs. 1922 in 1 year and 2900 in 3 years at certain rate of simple interest. Find the sum of money invested.
A certain sum gives the interest equals to 3/5th of the sum when invested for 5 years at simple interest. Find the rate of simple interest.