Question
The book, āAn Enquiry into the Nature and Causes of
the Wealth of Nationsā, (1776) defined Economics as:Solution
Adam Smith, the father of modern Economics, in his book entitled an Enquiry into the Nature and Causes of the Wealth of Nations (1776) defined Economics as a study of wealth. According to him, the subject matter of Economics is the study of how wealth is produced and consumed.
P invests Rs. 5,500 on compound interest at 16% p.a. (compounded semiannually) for 1 year. Find the interest earned by 'P'.
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Simple interest on a sum at 12% p.a. for 3 years is ā¹2160. Find the compound interest on the same sum at 10% p.a. for 2 years.
Pawan distributed his investment as follows: 25% of the total at an annual interest rate of 6%, 1/5th of the total at 8% per year...
The interest earned when a sum is invested at simple interest of 16% p.a., for 3 years, is Rs. 2400. What will be the total amount received after 2 year...
- A person invests Rs. 800 for 2 years at a simple interest rate of āx%ā per annum, Rs. 450 for 4 years at a simple interest rate of (x ā 2)% per annum...
Vishal has certain sum of money with him. He invested 80% of the sum in scheme āXā offering 15% p.a. simple interest for 8 years and received Rs. 26...
Find the simple interest on Rs. 6500 at 9% per annum for 4 years.
- Priya invested Rs. 5,500 in scheme āCā offering simple interest of 12% p.a. After 5 years, she reinvested the interest earned in scheme āDā offerin...
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