Question
A man deposited Rs. 10000 at 10% compound interest,
compounded annually while Rs. 8900 at 13% simple interest per annum. What will be the difference between the compound interest and the simple interest earned by him after 3 years?Solution
Compound interest earned by the man in 3 years = 10000 × {(1 + 10/100)3 – 1)} = 10000 × 0.331 = Rs. 3310 Simple interest earned by the man in 3 years = 8900 × 0.13 × 3 = Rs. 3471 Required difference = 3471 - 3310 = Rs. 161
The Customs Tariff Act came into force on______________
No substituted performance of contract under section 20 (1) shall be undertaken unless the party who suffers such breach has given a notice in writing, ...
Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement:
For divorce by mutual consent, the petition can be moved to the court if they have been living separately for a period of
All India Services is created by
The landmark judgment in Navtej Singh Johar & Ors. V. Union of India related to
Which section of the Industrial Disputes Act, 1947 provides for the provision of Right of workmen laid-off for compensation?
Which of the following is a valid mode of dissolution of a Partnership?
What is the enactment date of Contract Act, 1872?
Where the prescribed period for any suit, appeal or application expires on a day when the court is closed, the suit, appeal or application may be instit...
Relevant for Exams:
