Question
Amit invested ₹8000 into a SIP
that earns simple interest at 12% annually for 3 years. Pawan deposited an unknown amount in a SIP with a simple interest rate of 10% annually for 2 years. If Amit’s interest is 20% greater than Pawan’s, calculate the amount Pawan invested.Solution
ATQ,
Interest received by ‘Amit’ = (8000 × 0.12 × 3) = Rs. 2880 Interest received by ‘Pawan’ = (2880/120) × 100 = Rs. 2400 Let the sum invested by ‘Pawan’ = Rs. ‘p’ According to the question, 2400 = (p × 0.1 × 2) p = 2400/0.2 = 12000 Sum invested by ‘Pawan’ = 2400 × 5 = Rs.12000
The name of LLP shall consist of-
What happens to the property of an intestate who leaves neither a widow nor kindred??
Where should the payment be applied in case neither party appropriates the application of the debt as provide under the Contract Act?
A disputed handwriting can be proved_______
Under Section 95 of the Bharatiya Nyaya Sanhita, what is the punishment for a person who hires, employs, or engages a child to commit an offense?
What is the primary aim of the Mischief Rule in statutory interpretation?
Under which Act is the legal framework for the recovery of debts by banks and financial institutions governed?
Which section of the Companies Act delas with the provisions relating to Loans to Directors etc.?
Consider the following statements regarding Section 5 of the Environment (Protection) Act, 1986:
1. Section 5 empowers the Central Government to ...
Where a person commits a public nuisance:
Relevant for Exams:
