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
Under the Constitution of India, the procedure for the removal of a Supreme Court Judge is given in:
Partner's authority in an emergency is covered under which section of Indian Partnership Act?
According to the IBC, 2016 any person aggrieved by an order of the ________________may file an appeal to the Supreme Court on a question of law arisin...
The fee payable to the experts appointed by the Court as per section 14A of the Specific Relief Act shall _____________
Who shall be the Chairman of Central Consumer Protection Council?
Takeover/acquisition of shares of listed companies in India are governed by the provisions of
What are the grounds on which the Central Government may remove from office any member under the IRDA Act, 1999?
According to the definition provided in the Arbitration and Conciliation Act, 1996, what does "international commercial arbitration" mean?
The Court shall not order a Woman to be detained in Civil prison for execution of decree passed ________
A person appointed as proxy shall act on behalf of such member or number of members _______________ and such number of shares as may be prescribed
Relevant for Exams:
