Question
A man deposited Rs. βx + 800β at 12% per annum
simple interest and earned Rs. 540 as interest after 2 years. Find the interest earned by him if he deposited Rs. 2x at 10% per annum for 2 years at compound interest.ΒSolution
So, {(x + 800) Γ 0.12 Γ 2 = 540 0.24x + 192 = 540 x = 348/0.24 = 1450 So, required interest earned = 2 Γ 1450 Γ 0.21 = Rs. 609
In the classical linear regression model (CLRM), one of the key assumptions is that the error term has:
For a monopoly firm, which of the following equalities is always true?
Consider the following:
Statement 1: There exists an inverse relationship between market rates of interest and price of bond
Statement 2...
Under a fixed exchange rate system with perfect capital mobility, what happens when the government increases its spending?
Which of the following statements about a firm's average cost curves is false?
For any given price, a firm in a competitive market will maximize profit by selecting the level of output at which price intersects the
COR = 5:1, Savings rate = 12.5%, Population growth rate = 2.5%. Find growth rate of output.
If the total revenue from sales of X is given by the equation R=100Q-2Q^2. What is the point elasticity of demand when MR=20
Which among the following are the recommendations of the Urjit Patel Committee report on monetary policy?
I. Curtailment of the fiscal deficit.
For the given data, n=10, XΜ = 20, YΜ = 40, ∑(X-5)^2 = 100, ∑(Y-20)^2 =160 and ∑(X-5)*(Y-20) = 80. Calculate the correlation coefficient ...