Question
The interest received by investing Rs. 4000 for 2 years
at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple interest of 25% p.a. Find the simple interest received.Solution
Compound Interest received = 4000 Γ {1 + (20/100)}2 β 4000 = 4000 Γ (12/10)2 β 4000 = 5760 β 4000 = Rs. 1760 Simple interest received = 1760 Γ 3 Γ 25 Γ· 100 = Rs. 1320
What was the primary reason for the reduction in India's current account deficit from USD 67 billion in 2022-23 to USD 23.2 billion in 2023-24?
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
The two regression lines are 6X+4Y=52 and 12X+6Y=62. Find the correlation coefficient.
...If the R2 value for a regression line is 0.75 for 20 observations. What is the adjusted Rsquare value if the number of independent variables ...
For which of the following consumption functions, the value of income multiplier, k=4?
Consider the following Utility function U(x,y) = 4x2 + 9y2 +12xy. Here the preferences are
Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the steady state level of output per ...
According to the Solow Model, which factor is primarily responsible for sustained economic growth in the long run?
In a study examining the relationship between hours of study (X) and test scores (Y) of students, a bivariate regression analysis was conducted. The fol...
Which of the following statement is correct
Statement 1: Laffer Curve shows relationship between tax rates and the amount of tax revenue collect...