Question
If you invest Rs. 5,000 in a fixed deposit account with
an annual interest rate of 8%, compounded annually, how much money will you have after 3 years?Solution
Explanation:Â Using the compound interest formula: A = P(1 + r)^n, where P = 5000, r = 0.08, and n = 3, the amount after 3 years is Rs 6,720.
A want becomes a demand only when it is backed by theÂ
Which country's stock exchange is indexed by 'Bovespa'?
Evaluate the correctness of these statements about the Consumer Price Index (CPI):
(I) CPI measures changes in the price level of a representativ...
How many currency note printing presses are owned by the Government of India?
In economic terms, the total market value of all final goods and services produced in a given year is known as.........
The terms 'Micro Economics' and "Macro Economics" were coined byÂ
National Income was first estimated by
National Level Pollution Response Exercise, NATPOLREX, it was its 8th edition this year is conducted by?
What does the term 'subsidy' primarily signify?
An increase in the price of a product will result in which of the following?Â
