Explanation: A coparcenary property is a property that is inherited by a male Hindu from his father, grandfather or great grandfather. It also includes property acquired by a male Hindu with ancestral property, and property gifted or bequeathed to a male Hindu by his father, grandfather or great grandfather. A female Hindu can become a coparcener by birth in her own right in a joint Hindu family. However, property inherited by a female Hindu from her father or mother is not considered a coparcenary property
Rs. 8500 is invested in scheme ‘A’ for 2 years and Rs. 6500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 13% ...
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1100 and Rs...
Mr. Ajay invested in two schemes A and B contributing compound interest @ 5% pa and 7% pa respectively. If the entire amount of interest in two years wa...
A total of Rs. 14,500 is divided between two individuals, 'A' and 'B', in the proportion 16:13. If 'B' decides to invest his share in a financial scheme...
A sum becomes 2.89 times ot itselt in 2 years when invested at compound interest (compounded annually). What is the annual rate of interest?
A sum of Rs. 6120 is invested at simple interest for 2 years. If the rate interest for first year is 15% p.a. while 25% p.a. for second year, then find ...
What principal amount, when invested at an annual simple interest rate of 3.6% for 15 years, will generate an interest of Rs. 4,050?
If the difference in interest between two banks on Rs 500 for 2 years is 12.50 then what will be the difference in their rates?
An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (co...
Akshay invested Rs. 2240 in two schemes P and Q in the respective ratio of 9:7. Scheme P and Q are offering simple interest at the rate of 10% per annum...
