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Satisficing is a decision-making process in which an individual makes a choice that is satisfactory rather than optimal.2It would require a great deal of effort – and may not even be possible – to gather all the necessary information in order tomake the best decision, and satisficing thus represents the kinds of decisions we are actually capable of making. Satisficing is all about making ‘good enough’ decisions instead of perfect ones.
Rs. 6,500 is invested in scheme ‘A’ for a year at simple interest of 20% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in...
If Rs. 4000 becomes Rs. 5760 in 2 years at compound interest (compounded annually), then what is the annual rate of interest?
A Motorbike can be purchased on cash payment of Rs. 30000. But the same Motorbike can also be purchased on the cash down payment of Rs 7000 and the rest...
Rs. 5,000 is invested in scheme ‘A’ offering simple interest of 16% p.a. and Rs. 6,600 in scheme ‘B’ offering simple interest of 9% p.a. What is...
What is the difference between the simple interest earned on an investment of Rs. 16,200 for 5.5 years at an annual interest rate of 8%, and the total a...
What will be the ratio of simple interest earned on certain amount at the same rate of interest for 6 years and that for 16 years?
A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs. 2700 after 3 years. If the same amount is...
A certain sum when invested at compound interest (compounded annually) of 8% p.a. for 4 years, gives an interest of Rs. 4879.20. Calculate the approxima...
A certain sum of money is given at a certain rate for 3 years. Had it been given at 5% higher rate; it would have fetched Rs.600 more. Find the sum.
A sum of money invested at simple interest grows to 13 times its original value in 96 years. Determine the annual rate of interest.
