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Section 13. "Consent" defined- Two or more persons are said to consent when they agree upon the same thing in the same sense.
A sum of Rs. 100 is invested at 10% per annum compound interest (compounded annually) for two years. How much interest will be received after two years?
An amount doubles itself on simple interest in 3 years. What is the percent per annum rate of interest?
What sum of money must be given at simple interest for 3 months at 5% per annum in order to earn Rs. 220 interest?