Question
A person invested some amount at the rate of 12% simple
interest and a certain amount at the rate of 10% simple interest. He received yearly interest of Rs 140. But if he had interchanged the amounts invested, he would have received Rs 6 more as interest. How much did he invested at 10% simple interest initially?Solution
Amount invested at 12% = Rs x Amount invested at 10% = Rs y ⇒ 140 = (x ×12 ×1)/100 + (y ×10 ×1)/100 ⇒ 12x + 10y = 14,000 ………………..(i) Now, according to the question, If amount invested at 12% = Rs. y and amount invested at 10% = Rs x ⇒ 146 = (y ×12 ×1)/100 + (x ×10 ×1)/100 ⇒ 12y + 10x = 14,600 ………………..(ii) Solving (i) and (ii), we get x = Rs. 500 and y = 800 Amount invested at 10% simple interest = Rs. 800
What does the legal maxim Qui Facit Per Alium Facit Per Se imply in the context of the law of agency?
Section 211 to Section 221 of the Indian Contract Act, 1872 deals with _______.
Under Section 4C(2), upon receipt of the recommendation under sub-section (1), the Central Government shall:
How many designated partners are required in LLP:Â
How many sections are there in BNS?Â
A Board of Directors meeting is held in a company with 9 directors. The question arises about the minimum number of directors that must be present for t...
What does equality before law mean?
The long title of the Delhi Special Police Establishment Act, 1946, provides that the Act makes provision, inter alia, “for the extension to other are...
As per the Indian Stamp Act if an instrument falls within two or more descriptions in Schedule I, how is the duty charged?
As per the Occupational Safety, Health and Working Conditions Code what is required of every employer of an establishment under the given provision?
