Question
In which of the following cases, notice of dishonour is
unnecessary?                              I.       when it is dispensed by the party                            II.       when the party entitled to notice cannot be found                           III.       when the party entitled to notice, knowing the facts, promises unconditionally to pay the amount due on the instrumentSolution
Section 98 of NI Act
A sum of Rs. 6,000, earning simple interest at an annual rate of 'r%' for 5 years, grows to Rs. 9,000. Calculate the total amount obtained if the same s...
Naina lent Rs. 9,800 to Mohini for 4 years and Rs. 8,800 to Mitali for 6 years on simple interest at the same rate of interest and received Rs. 11,040 i...
- An investor put Rs. x into Fund X and Rs. x/2 into Fund Y. Fund X offers 4% p.a. and Fund Y offers 10% p.a. simple interest. If after 3 years the total int...
If Rs. 12,500 is invested at simple interest for 2.5 years and the total amount becomes Rs. 15,625, what is the rate of interest per annum?
Mr. Ghanshyam deposited certain amount in the Bank at the end of each year. How much amount did he deposit at the end of each year at the rate of 15% si...
P invested Rs. x at 10% per annum simple interest for 2 years and Q invested Rs. (x + 500) at 12% per annum simple interest for 3 years. If the total in...
A certain sum of money becomes 4500 in 6 years and Rs. 5500 in 10 years at any certain rate of simple interest. Find the principal amount.
Rs. 5000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 25 less than the in...
Jeeva invested Rs. 30,000 at a compound interest rate of 24% per annum, compounded annually, for 2 years. After these two years, she decided to utilize ...
- A sum of Rs. 1,500 is invested at a simple interest rate of 10% per annum for 18 months. If the interest earned is Rs. 'q', find the value of (q - 15).
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