Question
Pawan invested an equal sum of money in two different
SIPs at a bank—one earning 20% compound interest per annum and the other earning 24% simple interest per annum. After 3 years, the interest earned from the compound interest SIP exceeded the interest earned from the simple interest SIP by Rs. 46. Determine the amount Pawan invested in each SIP.Solution
ATQ; Let, the amount deposited by the Pawan in each SIP's = Rs. ‘x’ So, the interest earned by the Pawan on the amount deposited at compound interest = x × ((1 + 20/100)³ – 1) = x × ((1 + 1/5)³ – 1) = x × (216/125 – 1) = Rs. 91x/125 And, the interest earned by the Pawan on the amount deposited at simple interest = (x × 24 × 3)/100 = Rs. 18x/25 Therefore, 91x/125 – 18x/25 = 46 =>(91x – 90x)/125 = 46 => x/125 = 46 => x = Rs. 5750
According to Karl Marx, what is the meaning of the organic composition of capital?
Which one of the following is not an assumption of Classical Linear Regression Model
Suppose the money supply in Mexico grows more quickly than the money supply in the USA. We would expect that
If rxy = 0.75, then ryx will be:
The correlation coefficient between X and -X is:
In an economy, S=-100+0.6Y is the saving function. If investment expenditure is 1100. Calculate consumption expenditure at equilibrium level of national...
Explain the concept of the "Double Dividend Hypothesis" associated with a Pigouvian tax on pollution.
In a competitive market, the demand and supply functions for a specific electronic gadget are given by:
Demand Function: P = 120 - 2Q
Sup...
When a firm operates with excess capacity
What do you mean by ‘under conditions of a perfect competition in the product market’?
Relevant for Exams:
