Option 3 is not a promissory note as definite sum is not mentioned. According to Section 4, a promissory note is: · An instrument (not being bank note or currency note) in writing · Containing an unconditional undertaking · Signed by the maker · To pay a certain sum of money only to or to the order of , a certain person , or to the bearer of the instrument. Ex- I promise to pay B or order Rs 500.
A Bank came up with an interesting investment plan under which it would offer 6% interest compounded half-yearly. Mr. 'X' deposited ₹ 80000 once at th...
The compound interest received on investing Rs. 4000 for 2 years at a compound interest of 20% p. a compounded annually is how much percentage more than...
Neena invested Rs.15000 in a fixed deposit scheme for 2 yrs at CI of 9% p.a. How much will Neena get on maturity of the fixed deposit?
The difference between the compound interest and simple interest on a certain sum for 2 years at 12% per annum is 144. Find the principal amount.
A person invested 6,000 in a bank at compound interest compounded annually. After 3 years, the sum became 7,986. What was the rate of interest?
Raj and Simran each invested a sum of ₹10,000 for three years at 25% compound interest per annum. However, while for Raj the interest was compounded a...
A person borrows ₹80,000 at a rate of 10% per annum compound interest. What is the amount after 3 years?
What will be the CI on a sum of Rs.50,000 after 3 years at the rate of 11%p.a?
...What is the compound interest on a sum of Rs 12,000 for 2(5/8) years at 8% p.a., when the interest is compounded annually? (nearest to a rupee)
A certain sum of money amounts to ₹12,600 in 2 years and ₹14,490 in 3 years at compound interest. Find the rate of interest per annum.
