Question
Aman invested ₹2,00,000 at an annual compound interest
rate of ___%, with interest compounded every 4 months. If the investment was held for a total duration of 12 months, ________ would be the interest earned by Aman at the end of this period. The values given in which of the following options will fill the blanks in the same order in which is it given to make the statement true? I. 18, 38,203.2 II. 15, 31,525 III. 30, 11,230Solution
Compound interest = Sum X {1 + (rate of interest/100) }time – Sum Since, the interest is compounded every four months, it is compounded 3 times a year. For I: Effective rate of interest = 18 ÷ 3 = 6% per term Effective time period = (12/12) X 3 = 3 terms So, sum at the end of 12 months = 200000 X {1 + (6/100) }3 = Rs. 2,38,203.2 So, interest earned = 2,38,203.2 - 2,00,000 = Rs. 38,203.2 So, statement I is true. For II: Effective rate of interest = 15 ÷ 3 = 5% per term Effective time period = (12/12) X 3 = 3 terms So, sum at the end of 12 months = 200000 X {1 + (5/100) }3 = Rs. 2,31,525 So, interest earned = 2,31,525 - 2,00,000 = Rs. 31,525 So, statement II is true. For III: Effective rate of interest = 30 ÷ 3 = 10% per term Effective time period = (12/12) X 3 = 3 terms So, sum at the end of 12 months = 200000 X {1 + (10/100) }3 = Rs. 2,66,200 So, interest earned = 2,66,200 - 2,00,000 = Rs. 66,200 So, statement III is false.
Because marketers cannot control all the conditions in the field, they sometimes conduct a different kind of experiment known as a:
A pull strategy occurs when:
Changes in the marketing environment are a source of _______ and _______ to be managed.
Economics is making choices in the presence of _______.
Which survey type is usually biased because those likely to respond have had especially positive or negative experiences with a given product, service, ...
Converting socially responsible ideas into actions involves careful planning and monitoring of programs. Many companies develop, implement, and evaluate...
Special marketing efforts are usually needed to communicate the benefits to potential buyers of ________________, because they are intangible.
Large stores (over 200,000 square feet) which offer a mix of 40 percent food products and 60% general merchandise are referred to as:
Amit works for YesyB where he is trying understand whether the bank should be open on all Saturdays, in order to compete with IndB. Which department is ...
A researcher stands at a traffic light and counts the number of cars that make left turns. These findings will be used to determine if an ‘advanced gr...
