Question
Which goods are described by the law of diminishing
marginal utility?ÂSolution
The law of diminishing marginal utility states that as a person consumes more of a good, the additional satisfaction (utility) gained from each extra unit decreases.
A certain sum of money becomes 5000 in 6 years and Rs. 6240 in 10 years at any certain rate of simple interest. Find the principal amount.
Soham invested Rs. 32,000 partly in schemes ‘I’ and ‘J’ for 4 years and 6 years, respectively. Scheme ‘I’ offers simple interest at 18% per ...
A certain amount earns simple interest of Rs. 1420 after 4 years. Had the interest been 5% more, how much more interest would it have earned?
What is the principal amount?
Statement I: The Simple Interest after 2 years on a certain sum at 10% p.a is Rs. 1200.
Statement II : The...
Arjun made two investments: the first was Rs. 1,600 at an annual simple interest rate of R% for a period of 2 years, and the second was Rs. 2,000 at an ...
The compound interest on a certain amount for 2 years at 4% per annum is ₹ 1,428 if interest is compounded annually. Find the simple interest on that ...
A certain amount will become six times in 20 years. How long does it take for the same amount to become 5 times? Assume the same rate of simple interest...
- If the difference between compound interest and simple interest at 10% p.a is Rs 1 for two years then find the value of sum.
Priya invested Rs. 9,000 in scheme ‘C’ at simple interest of 5% p.a. for ‘t’ years and Rs. 9,000 in scheme ‘D’ at simple interest of 14% p.a...
A invested Rs. ‘x’ in a scheme offering compound interest of 25% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. ...
