Question
Which of the following legal systems is based on
judicial precedent?Solution
Common law is a legal system that originated in England and is now used in many countries, including the United States. It is based on judicial precedent, which means that judges must follow the decisions made by other judges in similar cases. Civil law, on the other hand, is based on written laws and codes, and Sharia law is based on Islamic principles and teachings.
The time required for a sum of money to amount to five times itself at 16% simple interest p.a. will be
An initial investment made at a 25% annual interest rate, compounded semi-annually, grows to Rs. 10,125 after one year. How much simple interest would t...
Simple interest earned on an amount of Rs.1400 at rate of R% per annum after 3 years is Rs.210. Find the simple interest earned on an amount of Rs.1600 ...
Sunil invested Rs. β4xβ in scheme βAβ offering simple interest of 20% p.a. and reinvested the interest earned from scheme βAβ at the end of ...
Amit invested an amount in Fund 'P', which provides compound interest at a rate of 'r'% per annum, compounded annually. He invest...
Ravi lends Rs. 10,000 to two of his friends. He gives Rs.5,000 to the first at 15% p.a. simple interest. Ravi wants to make a profit of 20% on the whole...
Rs. 95Y invested for 2 years at simple interest of 16% p.a., yields an interest of Rs. 3040. If Rs. 115Y is invested for 2 years at compound interest (c...
Rs. P invested at R% p.a. gives simple interest and compound interest (compounded annually) of Rs. 640 and Rs. 665.60 respectively at the end of 2 years...
Atul has Rs.350 with him. He invested 20% of the amount at 5% p.a. for 8 years and rest at 10% p.a. for 5 years. Find the sum of simple interests receiv...
A sum is lent on compound interest for 2 years at 12% p.a. If the compound interest on the sum is Rs.4579.2, find the sum.