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Contract Act Section 73. Compensation for loss or damage caused by breach of contract: When a contract has been broken, the party who suffers by such breach is entitled to receive, from the party who has broken the contract, compensation for any loss or damage caused to him thereby, which naturally arose in the usual course of things from such breach, or which the parties knew, when they made the contract, to be likely to result from the breach of it. Such compensation is not to be given for any remote and indirect loss or damage sustained by reason of the breach.
What is the simple interest on a sum of Rs. 10,000 at a rate of 5% per annum for 3 years.
Shivam invested 24000 at 10% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs....
A certain sum when invested at compound interest (compounded annually) of 8% p.a. for 4 years, gives an interest of Rs. 4879.20. Calculate the approxima...
A person invested ₹15,000 in two schemes, Scheme A offering 10% per annum simple interest, and Scheme B offering 12% per annum simple interest. If the...
'Iqbal' deposited Rs. 11,200 in a SIP at simple interest of 13% p.a. If he earned Rs. 8,736 as interest, then find the duration (in years) for which the...
A man deposited Rs. 16000 at 10% compound interest, compounded annually while Rs. 14000 at 13% simple interest per annum. What will be the difference be...
Anita and Rohan each invested a sum of ₹12,000 for 2.5 years at 20% compound interest per annum. However, while for Anita the interest was compounded ...
If a sum of money invested on simple interest becomes 4 times of itself at 'R%' p.a. in 6 years, then find the value of '0.4R'.
Shivam invested 24000 at 15% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.26400. What is t...