Question
Ravi lends Rs. 6000 to two of his friends. He gives
Rs.3000 to the first at 15% p.a. simple interest. Ravi wants to make a profit of 20% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend isSolution
Let Ravi lend the sum at x% rate to the second friend. According to the question, 15% × 3000 + x% of 3000 = 20% of 6000 ⇒ 15 × 30 + 30x = 20 × 60 ⇒ 30x = 1200 – 450 ⇒ 30x = 750 ⇒ x = 25 Hence, the required rate of interest is 25% p.a.
Every partner of a limited liability partnership is, for the purpose of the business of the limited liability partnership________
According to section 32 of the Specific Relief Act an instrument can be cancelled in part when
As per the observations made by the Hon’ble Supreme Court in Reserve Bank of India Vs. Jayantilal Mishra the RBI :
Which of the following case discuses about preventive detention?
The Insurance Advisory Committee shall consist of_______________________
For what can a specific relief be granted__________
Adultery by a Hindu Husband is a :
No prospectus shall be valid if it is issued ____________ after the date on which a copy thereof is delivered to the Registrar
According to the Motor Vehicles Act death of insured-
In which case it was held that Specific Relief Act is not an Exhaustive Law?
