Question
The compound interest (compounded
annually) on a certain amount for 2 years is Rs. 2415. If the annual rate of interest is 10%, what is the principal amount?Solution
ATQ,
Let the sum be Rs. 'a'. Compound interest = a × [1+(10/100)2-1] = 2415 Or, a ×(121/100 - 1) = 2415 Or, 'a' = 2415 × (100/21) So, 'a' = 11500 So, required sum = Rs.11500
Selling through DSA reduces:
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"...
Diamond-water paradox establishes the fact that
Elasticity of demand measures the
Under perfect competition, the long-run equilibrium of the firm is established at
When AR is constant, MR is
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
Cross-selling means:
From the resource allocation point of view, perfect competition is preferable becauseÂ
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