Arjun borrowed 3,00,000 from a lender at 12%
per annum simple interest. He lent the money to
Suraj at the same rate but compounded annually.
What will be his gain after 2 years?
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Answer:
Through its landmark decision in the public interest litigation Petition (Civil) No. 196/2001, People's Union for Civil Liberties v. Union of India & Others (PUCL), the Supreme Court explicitly established a constitutional human right to food and determined a basic nutritional floor for India's impoverished millions.
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