Question
The difference between compound interest and simple
interest at rate of 18% per annum for 2 years is Rs. 486. Find the simple interest obtained on same amount for a period of 2 years at rate of 10% per annum.Solution
Let, the amount be Rs. P. P[(1 + 18/100)2 – 1] – P × 18% × 2 = 486 P × 0.3924 – P × 0.36 = 486 P × 0.0324 = 486 P = 486 ÷ 0.0324 = Rs. 15000 Therefore, required interest = 15000 × 10% × 2 = Rs. 3000
Who must authenticate a mediated settlement agreement?
Who serves as the Chairperson of the Board of Approval?
A sells a property owned by him to B and C. B and C are different buyers and have purchased the property in two unequal halves with different amount of ...
Which section of the IPC delas with limit of solitary confinement?
Under the Central Vigilance Commission Act In what situation is a Central Vigilance Commissioner or a Vigilance Commissioner considered guilty of misbeh...
As per the Code on wages, 2019 the Central Government shall fix floor wage taking into account __________ of a worker in such manner as may be prescribed
As per Evidence Act, When the court regards a fact as proved, unless and until it is disproved, or call for proof of it, this is called
Which of the following is not true about doctrine of election?
According to the IBC if the operational creditor does not receive payment from the corporate debtor or notice of the dispute, the operational creditor m...
Every prior party to a negotiable instrument is liable thereon to a holder in due course
Relevant for Exams:
