A principle of rs 10000 after 2 years compound annually the rate of interested
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Explanation:
The doctrine helps protect external members from the company and states that the people are entitled to presume that internal proceedings are as per documents submitted with the Registrar of Companies. The doctrine of indoor management evolved around 150 years ago in the context of the doctrine of constructive notice.
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Principal of 10000 Rs.
After 2 years compounded annually, the rate of interest being 10% per annum
During the first year and 12% per annum during the second year will amount is :
11320 Rs.
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