Question
A and B started a business with initial investments of
Rs. 25000 and Rs. 40000 respectively. After one year, a profit of Rs. 3250 is earned. A being a working partner gets 15% of the profit for managing the business and rest of the profit is shared between them in the ratio of their investments. A invested his whole profit in a scheme offering 20% compound interest compounded annually. Find the interest earned by A after 2 years.Solution
The ratio of their investments = 25000:40000 = 5:8 Profit share of A for being a working partner = 0.15 times; 3250= Rs. 487.5 Profit share of A for his investment = 5/13 times; 0.85 times; 3250 = Rs. 1062.5 Total profit of A = Rs. 1062.5 Compound interest earned by A = 1550{(1 + 0.20)2ndash; 1} = Rs. 682
A enters B’s house through a window. A commits ______________
Suit for recovery of possession of immovable property under section 6 of Specific Relief Act can be filed:
Under the Patents Act, 1970, what is the term of a patent granted in India from the date of filing?
In a case against Public servant he shall be exempted___________.
“The interpretation which is not in conflict with the intent of statute should be opted for”. This is the principle of
What are damages?
A prospectus shall not be a valid prospectus if it has been issued _____________
Under the Code on Social Security, 2020, the Employee Provident Fund (EPF) contributions are applicable to employees drawing a monthly wage up to:
The Supreme Court has recently delivered a judgment expounding the doctrine of "lis pendens in case of –
A proceeding for maintenance under S. 125 shall be made at:
Relevant for Exams:
