Question
The compound interest on a certain amount for 2 years at
4% per annum is ₹ 1,020, if interest is compounded annually. Find the simple interest on that amount for 2 years at 4% per annum?Solution
Solution-
Let the principal amount =1000
Compound interest on 1000 Rs for 2 years at 4%=81.6
ATQ-
81.6=1020
1=1020/81.6
1000= (1020/81.6) ×1000
P=12500
Now- Simple interest for 2 years at 4% per annum
=(12500×2×4)/100
=1000Rs.
As per Section 12 of the Limitation Act, in computing the period of limitation for any suit, appeal or application, the day from which such period is to...
Which of the following is NOT a function of the Controller of Certifying Authorities according to the IT Act, 2000?
Which statement is correct relating to debentures issued by a company___________
For how long must a reporting entity maintain the information obtained while applying enhanced due diligence measures?
The limitation period for filing a suit for recovery of money lent is:
For disputes involving the Central or State Government or their agencies, what must be obtained before signing a settlement agreement under The Mediatio...
When a fact is a “conclusive proof”, the Court__________.
Under Section 480(3), conditions may be imposed on a person released on bail for offences punishable with imprisonment ≥7 years:
Which section stipulates the lawful questions that can be asked in cross examinations?
A decree may be executed
