Question
A man invested a certain amount of sum at 12.5% per
annum simple interest and earned an interest of Rs.2700 after 4 years. If the same amount is invested at 20% per annum compound interest, compounded annually for two years, then find the interest.Solution
Let the certain sum of money be Rs.P. So, P x 0.125 x 4 = 2700 => P = Rs.5400 Desired interest = [(1.2)2 – 1] x 5400 = Rs.2376
Law of diminishing returns only applies to cases where
Country A can produce 10 units of cloth or 20 units of wheat per day. Country B can produce 15 units of cloth or 15 units of wheat per day. Which of the...
What is the dual problem for given linear programming problem?
Z = Max (4x1 + 5x2 + 7x3)
s.t. 3x1 + x2 + 6x3 <= 3
x1 + 2x2 + x...
The Laffer Curve in a labor market context illustrates the relationship between:
If the public consumes €100 billion less and the government purchases €100 billion more (other things unchanging), which of the following statement...
For which of the following consumption functions, the value of income multiplier, k=4?
1) Calculate the standard error of the estimate of Y on X regression equation for the following data
N =50 , ∑y^2 = 150 , ∑xy = 180, &sum...
If f(x) is continuous for all real values of x and f(x) takes on only rational values, then if f(1)=1, the value of f(0) is
The main objective of the Bank for International Settlements (BIS) is often described as:
What is the probability of getting the sum as a prime number if two dice are thrown?
Relevant for Exams:
