Question
A contract is ______________ because it was caused by a
mistake as to any law in force in IndiaSolution
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.
The interest received by investing Rs. 2000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple int...
Arjun invested a certain amount of money, splitting it into two equal parts. He placed one part in a simple interest scheme at an annual rate of 18% for...
Investor V placed Rs. (a + 3000) in a compound interest account with an annual interest rate of r%, compounded annually for a span of 2 years. Simultane...
Anil borrowed Rs.20000 on CI at the rate of 10% for three years. He paid at the end of first year (1/8)th of amount and end of second year (1/5)th of am...
X invested Rs. x at 7% per annum simple interest for 5 years and Y invested Rs. (x + 900) at 9% per annum simple interest for 1 year. If the total inter...
A man invested certain sum at simple interest of r% p.a. such that it amounts to 130% of itself in 3 years. Find the interest earned when Rs. 3000 is in...
The difference between simple and compound interest on Rs 2900 at a certain rate in 2 years is Rs 10.44, then what is the annual rate.
A sum of money was lent at simple interest for 5 years. If the rate had been 6% more, the interest would have been Rs. 900 higher. What was the amount l...
"R" put Rs.(r + 5000) into a SIP that offered 12% annual simple interest for four years. He also made a three-year investment of Rs. (r - 5000) in the s...
If the ratio of the sum invested and simple interest received after 1 year is 25:7 respectively, then find the rate of interest.
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