Question
The statement, "The elasticity of demand may be defined
as the percentage change in quantity demanded which would result from 1 percent change in price", is given bySolution
According to Alfred Marshall: "Elasticity of demand may be defined as the percentage change in quantity demanded to the percentage change in price."
David takes a loan of Rs. 20000 from his friend Alex, which he is to return at 10% p.a. simple interest after 5 years. Alex takes...
The difference between compound interest and simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is Rs. 25. ...
An amount becomes 2.5 times itself in 15 years at a simple interest rate of r% per annum. Find r.
What sum of money must be given at simple interest for 8 months at 4% per annum in order to earn Rs. 320 interest?
A certain sum at CI amounts to Rs 2400 in 3 yr and to Rs 3600 in 6 yr. Then the sum is ?    Â
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A invests Rs 6000 in a business for the whole year. B joins him later with an investment of Rs 8000. At the end of the year, the profit is divided betwe...
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.
A sum when invested at simple interest of 5% p.a. amounts to Rs. 18,000 after 4 years. If the same sum was invested at simple interest of 12% p.a. for ...
A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1800 and simple interest of Rs.1600 at the end of 2 year...
