Question
Veeru invested Rs. 3100 at 20% p.a. simple interest for
3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest, compounded annually for another 2 years. Find the final amount received by Veeru at the end of 5 years.Solution
Amount received by Veeru after 3 years of investment = (3100 × 20 × 3)/100 + 3100 = Rs. 4960 Therefore, sum invested by Veeru at compound interest = Rs. 4960 Amount received by Veeru at the end of 5 years = 4960(1 + 0.2)2 = Rs. 7142.4
 The legal maxim Doli Incapax is associated with Section ….. of IPC
The quorum for a meeting of the Board of Directors of a company as laid down under the Companies Act shall be______________
When a motor vehicle is transferred in the name of another person, certificate of insurance is:
As per the Aircraft Act any person aggrieved by an award of the arbitrator made under section 9B may, within _________ from the date of such award, pre...
The provisions of partnership act are_____.
According to Clause 1 of Article 25 of the Indian Constitution, the freedom of religion is subject to the interest of:Â
Which confession can be proved as against a person accused of any offence?
What type of contract is created when the performance of an existing contract depends on the occurrence or non-occurrence of a collateral and uncertain ...
As per the Companies Act, 2013 a Company means_____________
According to Indian Partnership Act When a partner transfers their interest in the firm, the transferee is entitled to______________________
Relevant for Exams:
