Question
Rs. P invested at R% p.a. gives simple interest and
compound interest (compounded annually) of Rs. 640 and Rs. 665.60 respectively at the end of 2 years. Find the compound interest (compounded annually) earned if Rs. (P + 1000) is invested at (R + 4)% p.a. for 2 years.Solution
Simple interest for one year = 640/2 =Rs. 320 Difference between compound interest and simple interest for 2 years = 665.6 – 640 = Rs. 25.60 So, R = 25.6/320 × 100 = 8% And, P = 320/0.08 = Rs. 4000 Desired interest= [(1.12)2 – 1] × 5000 = Rs. 1272
From a marketing viewpoint, price is _____ exchanged for the ownership or use of a good or service.
Breadth of product line refers to ______ a store carries.
Before blue dart and dtdc became prominent, Indian Post operated in what type of competition environment?
Consumers' ability to perceive taste differences in chocolate bars is an example of:
The type of need which puts a boundary to specified needs is known as ___________.
After launching a brand new, high-end road bicycle to a specific segment interested in road races and triathlons, the company needs to determine whether...
Marketing research attempts to identify and define both marketing _____ and _______.
Which statement below is incorrect as it relates to the concept of inseparability?
In Macroeconomics, ‘macro’ is taken from the word ‘makro’, which means big. To which language does ‘makro’ belong?
As a recent graduate of university, you decided to open your own nail art studio. In this scenario, you would be classified as a(n):
Relevant for Exams:
