Question
Soni gets a SI of Rs. 3360 on a certain principal at the
rate of 7%p.a. in 3 years. What CI will she get on twice the principal in two years at the same rate?Solution
P= (SI ×100)/ (R × T) = (3360 × 100)/ (7 × 3) = 16000 CI = P [1+ R/100]t - P CI = 32000[1+ 7/100]2 - 32000 CI = 32000 × 107/100 × 107/100 - 32000 => 2(18318.4 – 16000) => Rs. (2318.4)×2=4636.8.
The substitution effect for a commodity is
Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGB) and state development loans (SDLs) under RBI’s ___...
Which of the following is not an assumption of Keynesian Simple model?
In the basic Solow model of growth
If the endowment of some resource increases, the industry that uses that resource most intensively will increase its output while the other in...
Consider the following set of data:
{23.32 32.33 32.88 28.98 33.16 26.33 29.88 32.69 18.98 21.23 26.66 29.89}
Which one of the following cannons of taxation was not advocated by Adam Smith?
During the planning period, highest growth rate was achieved duringÂ
For fixed proportion production function, the elasticity of substitution is
What does the elasticity of substitution depict?
Relevant for Exams:
