Question
Which of the following statements is true regarding the
GDP deflator?Solution
GDP deflator measures price changes for all domestically produced final goods and services , unlike CPI which covers only consumer goods.
Calculate the principal amount 'x' for which the simple interest accrued over 5 years at an annual rate of 24% is equivalent to the compound interest ea...
At what rate of simple interest per annum will a sum of money become double in 12 years?
A bank provides a loan at the rate of 5% per annum to a trader on an amount of 12,50,000 for 5 years. The simple interest to be paid is:
The difference between the interest received on a certain sum at the rate of 35% p.a. and 30% p.a. respectively at simple interest for two years is Rs. ...
Mr. X deposits ₹10,000 at a simple interest rate of 8% per annum for 4 years. After 2 years, he invests an additional ₹12,000 at the same rate for 3...
A sum of money amounts to Rs. 5600 in 5 years at simple interest. If the principal is Rs. 4000, find the rate of interest per annum.
'M' invested ₹19,200 at an annual compound interest rate of 10%, compounded yearly. After 'a' years, the total amount he received was ₹23,232. If 'Q...
A certain sum of money becomes 6000 in 6 years and Rs. 6240 in 10 years at any certain rate of simple interest. Find the principal amount.
Akshay invested Rs. 1200 in two schemes P and Q in the respective ratio of 7:3. Scheme P and Q are offering simple interest at the rate of 10% per annum...
An amount becomes five times of itself in 40 years at simple interest. Find the value of (3R + 10), where R is the rate of interest per annum.
