Question
A sum invested at compound interest of 'r%' p.a.,
compounded annually amounts to Rs. 750 at the end of second year and Rs. 900 at the end of 3rd year. Find the value of 'r'.Solution
Interest earned during the third year = 900 - 750 = Rs. 150 So, rate of interest = (150/750) X 100 = 20% So, r = 20
An employee has a basic pay of Rs. 12000 and a D.A. of 12% in 1997. If the employee should get a 5% rise in real income each year, what should be the DA...
The correlation coefficient between X and -X is:
Elistan can produce either 5 monster trucks or 10 cans of silly string in a day. What is the opportunity cost of one can of silly string?
In a model with two goods, x & y, with x plotted on the horizontal axis, the price consumption curve generated by changing the price of x is parallel to...
X, Y and Z constitute a random sample of size 3 from normal population with the mean µ and variance α2, find the efficiency of (X...
If quantities of all commodities change in the same proportion then
Which of the following Herfindahl-Hirschman Index is most consistent with monopoly?
Consider the following:
Statement 1: There exists an inverse relationship between market rates of interest and price of bond
Statement 2: ...
Which is not a fixed cost?
While calculating Pearson's correlation coefficient, the following values are obtained for 25 pairs of observations. It was later discovered that two pa...
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