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The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good. The law of supply says that at higher prices, sellers will supply more of an economic good. From the seller’s perspective, the opportunity cost of each additional unit that they sell tends to be higher and higher.
The difference between total SI earned on Rs 'P' at 18% p.a. for 3 years and total CI earned on same sum at 20% p.a. for 2 years when compounded annuall...
Suppose a man invested an amount in the ratio of 3 : 2 at the rate of (r – 1)% & (2r – 16)% respectively at simple interest. If bigger amount invest...
Mr. Raman invested Rs. 45,000 with Bank A under the scheme II for 3 years. How much amount he will get on maturity?
Priyanka wants to invest Rs. 30,000 for 3 years, which of the following options would fetch her the highest amount as interest?
I) Company A unde...
₹4,300 becomes ₹4,644 in 2 years at simple interest. Find the principle amount that will become ₹10,104 in 5 years at the same rate of interest.
Suppose a man invested Rs.(4000 + 2a) in Mutual Fund 'X' for 2 years and Rs. (3200 + 6a) in scheme 'Y' for 2 years and interest gets from Mutual Fund 'X...
The SI unit of acceleration is_________.
Farhan invested a certain amount of money 8 years ago. He put his money at the rate of 5% for the first 2 years, 7% per annum for the next 4 years and ...
A person sells an article at 10% below its cost price. Had he sold it for ₹332 more, he would have made a profit of 20%. What is the original selling ...
A sum of Rs.20,000 is invested partly with Bank B under scheme III and remaining with Bank D under scheme IV for 1 year. If the total interest earned is...