Question
Simple interest and compound interest (compounded
annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1900 and Rs. 1976 respectively. Find the rate of interest.Solution
Simple interest for 1 year = 1900/2 = Rs. 950 Difference between compound Interest and Simple Interest for 2 years = 1976 – 1900 = Rs. 76 Desired rate = 76/950 × 100 = 8%
If 50 percent of the families in a certain city subscribe to the morning newspaper, 65 percent of the families subscribe to the afternoon newspaper and ...
The 'Special Drawing Right (SDR)' is an international reserve asset created by:
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The Mundell-Fleming framework studies (A) _____ , (B) _________ economies in a world with (C) _____ financial markets and (D) _____ capital mobility
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Under the Bretton wood system, the long-term development assistance was to be provided by
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IBRD
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If rxy = 0.75, then ryx will be:
When a firm operates with excess capacity
