Question
How can a contract of continuing guarantee be revoked by
the surety?Solution
Section 130 - A continuing guarantee may at any time be revoked by the surety, as to future transactions, by notice to the creditor. Section 131 - The death of the surety operates, in the absence of any contract to the contrary, as a revocation of a continuing guarantee, so far as regards future transactions
A sum was put at simple interest at a certain rate for 7 years. Had it been put at 6 % higher rate, it would have fetched Rs. 1260 more. Find the sum?
- Neha deposits Rs. 9,000 at a simple interest rate of 7% per annum for 5 years. What amount will she get at the end of the term?
Abhishek allocates Rs.1600 each into two different investment schemes, A and B. Scheme A provides simple interest annually at a rate of (R-2)%, while sc...
A sum of money amounts to Rs. 5600 in 5 years at simple interest. If the principal is Rs. 4000, find the rate of interest per annum.
A person invests Rs.15,000 in two different schemes. The first scheme offers simple interest at 10% per annum, and the second scheme offers simple inter...
The simple interest earned on ₹3,000 at a rate of 8% per annum for 4 years is ₹x. If ₹2,520 is the simple interest earned on ₹5,000 at a rate of...
The difference between compound interest and simple interest on ₹10,000 at 10% per annum for 2 years is ____.
Charan went to purchase an Apple i phone, the shopkeeper told him to pay 30% GST, if he asked the bill. Charan manages to get the discount of 10% on the...
'X' invested Rs. (x + 3000) at compound interest of 20% p.a. compounded annually. 1 year later, he invested Rs. '2x' at simple interest of 15% p.a. If 3...
- Divya invested Rs. 'd' in scheme A and Rs. (d + 850) in scheme B for 2 years each. Scheme A offers 13% simple interest per annum, while scheme B offers 9% ...