Question
Compound interest received after 2 years on ₹7000 at
R% rate of interest compounded annually is ₹1164.8. Find the value of R.Solution
CI = P (1 + R/100)² - P
7000*[(1 + R/100) 2 -1] = 1164.8
(1 + R/100) 2 = 8164.8/7000
R = 8%
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:
