Question
A borrows Rs 5000 from B at 8% p.a compound interest
compounded annually. At the end of every year he pays Rs 2000 and at the end of 3rd years he pays all the amount, how much amount does he pay at the end of the 3rd year?Solution
At the end of the 1st year: Amount = 5000 × 108% = Rs. 5400 Rest amount = 5400 – 2000 = Rs. 3400 At the end of 2nd year: Amount = 3400 × 108% = Rs. 3672 Rest amount = 3672 – 2000 = Rs. 1672 At the end of 3rd year: Amount = 1672 × 108% = Rs. 1805.76
Who shall be the chairperson of District Consumer Protection Council?
Who among the following can be a co-opted member of the Board of Approval?
According to Section 56 of the Indian Contract Act, which of the following statements accurately reflects the treatment of agreements to perform impossi...
What type of resolution is required to be passed by a one-person company in order to borrow money?
Who gives an assent to a Bill passed in India to make it a law?
What does it mean to "counterfeit" according to IPC?
“The Commission may call for reports, returns and statements from the Central Government or corporations established by any Central Act.”
Thi...
Corporate Social Responsibility (CSR) obligations arise under:
The Industrial dispute Act fourth schedule lays down provisions relating to ___________
Any change in the name of the person indicated in the Memorandum of One Person Company as a nominee ________________________
