Question
Rs. 5000 when invested at simple interest of r% p.a.
amounts to Rs. 6000 in 24 months. If the same sum had been invested for 1 year at compound interest of (r + 20) % p.a. (compounded in every 4 months), then the amount received would be?Solution
According to the question, 6000 – 5000 = (5000 × r × 24) ÷ (12 × 100) Or, 1000 = 100 × r Or, r = 10 When the sum is invested at compound interest, Effective rate of interest = (r + 20) ÷ 3 = (10 + 20) ÷ 3 = 10% Effective time period = 1 × 3 = 3 units Amount received = Principal × {1 + (r/100)}time period = 5000 × {1 + (10/100)}3 = 5000 × (1.1)3 = 6655
Services such as restaurants and child care are evaluated on _____ properties.
For which of the following products is perceived risk likely to exemplify psychosocial risk for a female who has just taken her first job after college ...
Which of the following is NOT a basis used to segment organizational markets?
The variety of different items a store carries is referred to as:
Tim Casby's sells its ‘Child Smile' cookies and tells customers that all the profits from the sale of these cookies will go to underprivileged kids, T...
What are the three steps involved in the PLANNING phase of the strategic marketing process?
Each of the following can influence customers' perceptions of the authenticity of their service experiences EXCEPT:
Direct Marketing and _____ often consists of interactive communication.
Tariffs serve primarily to:
All of the following are suitable reasons why Target entered Canada except:
Relevant for Exams:
