As per Negotiable Instruments Act, 1881- S. 138. Dishonour of cheque for insufficiency, etc., of funds in the account .—Where any cheque drawn by a person on an account maintained by him with a banker for payment of any amount of money to another person from out of that account for the discharge, in whole or in part, of any debt or other liability, is returned by the bank unpaid, either because of the amount of money standing to the credit of that account is insufficient to honour the cheque or that it exceeds the amount arranged to be paid from that account by an agreement made with that bank, such person shall be deemed to have committed an offence and shall, without prejudice to any other provision of this Act, be punished with imprisonment for a term which may be extended to two years, or with fine which may extend to twice the amount of the cheque, or with both:
A sum is lent on compound interest for 2 years at 14% p.a. If the compound interest on the sum is Rs.4194.4, find the sum.
A certain amount of money, when invested at a simple interest rate of 'r%' per annum, grows to 6 times its original value in 24 y...
Rs.13000 was invested for 2 years in scheme A which offers compound interest at 10% per annum. What approximate interest earned on investing the amount ...
If Rs. 12000 is invested at a simple interest at the rate of 5% p.a., Rs. 4800 is obtained as interest in certain years. In order to earn Rs. 6400 as i...
Atul has Rs.400 with him. He invested 40% of the amount at 4% p.a. for 5 years and rest at 15% p.a. for 3 years. Find the sum of simple interests receiv...
Out of a total sum of ₹5,000, Danish invested one part at 12% simple interest per annum and the remaining part at 10% simple interest per annum. If th...
Rahul invested a certain amount at a simple interest rate of 8% per annum, and after 6 years, it grew to Rs. 1,850. If he had instead invested the same ...
Rs. (X+500) is invested in scheme A for 5 years at 10 % simple interest. The received amount is then invested in another scheme B offering 10% interest ...
A man deposited 20% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 y...
A sum of Rs. 3900 is invested at simple interest for 2 years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find ...