CSAT (Aptitude)·Key Methods
Simple Interest — Key Methods
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Version 1Updated 5 Mar 2026
Key Methods
State Bank of India vs. Mula Sahakari Sakhar Karkhana Ltd.
1987This Supreme Court judgment established the principle that when interest calculation method is not specified in a contract, simple interest should be applied rather than compound…
Union of India vs. Hindustan Development Corporation
1994The Supreme Court clarified the application of simple interest in government financial transactions and established that government departments must follow prescribed interest…