Question
An investor deposits ₹50,000 in a bank that offers a
simple interest rate of 8% per annum. How much interest will the investor earn after 3 years, and what will be the total amount in the account at the end of the period?Solution
Calculate the interest earned: Simple Interest (SI) = (Principal × Rate × Time) / 100 SI = (50,000 × 8 × 3) / 100 SI = (1,200,000) / 100 = ₹12,000 Calculate the total amount in the account after 3 years: Total Amount = Principal + Interest Total Amount = ₹50,000 + ₹12,000 = ₹62,000 Answer: a) ₹12,000, total ₹62,000.
Following two statements are related to regression coefficient
(I) Independent of the change of origin
(II) Independent of the change of scale
Which one is not basis of classification of data.
For making frequency distribution, the number of classes used depends upon:
Which option is incorrect?
Which of the following is the most relevant for deriving a point estimate?
The incomes of the employees in a state is assumed to be normally distributed with mean ₹15,000 and variance ₹900. The median of the distribution o...
The mean deviation from an average A will be minimum, if A represents:
The coefficient of correlation is the _________ of coefficients of regression.
For ANOVA table
the F - statistics is:
Two data set of size 9 and 6 have standard deviation 3 and 4 respectively and arithmetic means 3 and 3 respectively. The standard deviation of combined...
