Question

Two equal sums of money were lent at simple interest at 11% p.A. For years and years respectively. If the difference in interest for two periods was rs. 412.50, then each sum is?

Answer 1

Dissolution of a partnership refers to the discontinuance of the relation between partner and other partners of the firm. Dissolution of firm implies that entire firm ceases to exist, including the relation among all the partners. Business of the firm continues as before. Business of the firm comes to an end.