Question
Which section of IT Act deals with the legal recognition
of electronic records?Solution
Where any law provides that information or any other matter shall be in writing or in the typewritten or printed form, then, notwithstanding anything contained in such law, such requirement shall be deemed to have been satisfied if such information or matter is– (a) rendered or made available in an electronic form; and (b) accessible so as to be usable for a subsequent reference.
Nisha deposited Rs. ‘P’ in a bank offering compound interest of 11% p.a. compounded annually. After 2 years, she invested the amount received from t...
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.
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Rs.700 amounts to Rs.742 in 2 years at a certain rate. If interest rate is increased by 2%, then what will be the new interest?
Amit invested Rs. 96,000 in two SIPs labeled 'P' and 'Q.' SIP 'P' offers an annual interest rate of (p - 3)%, and SIP 'Q' offers (p + 3)% interest, both...
A and B started a business with initial investments of Rs. 28000 and Rs. 35000 respectively. After one year, a profit of Rs. 10000 is earned. A being a ...
Shivam invested 20000 at 12% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.23200. What is t...
A person invested Rs. 75,000 at an annual compound interest rate of 12%, compounded annually for 12 months. How much more profit would he have earned if...
Some amount out of Rs. 12000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amou...
A certain sum when invested for 3 years in a scheme offering simple interest of 10% p.a. gives an interest of Rs. 765. What is 110% of the sum invested?
