Question
Kiran lent Rs. 40,000 to a friend at a compound interest
rate of 'b%' per annum, compounded annually. After one year, the friend returned Rs. 44,800. If Kiran had lent the money at simple interest of (b + 2)% per annum instead, how much interest would he have earned?Solution
ATQ, Determine the compound interest rate 'b': 
Compute the simple interest: 
The interest earned would have been Rs.5600.
Consider a closed economy wherein
C = 0.8 Yd  , t = 0.25 , I = 900 – 50i , G = 800, L = 0.25 Y – 62.5i , M/P = 500
Where in Yd = Di...
Calculate the value of VIF in case of Multicollinearity, if the Ri2(Coefficient of auxiliary regression on independent variables) is 0.60 and...
Suppose that a firm has the cost function for a plant as given below
C(w, r, q) = 0.5q(w+r)
where q is output, w is the cost of labour l a...
National Sample Survey Organization (NSSO) provides estimates of magnitude of unemployment on the basis of different concepts. Which of the following i...
Which of the following is NOT a correct statement in the context of National income?
The regression equation is Y = β1X1i + ui and following is the sample,
Which of the following pairs is INCORRECT considering the constitutional provisions of the Comptroller and Auditor General of India?
In case of Cob web Model, Perpetual Oscillation is witnessed when
Suppose your data produces the regression result y = 10 +3x. Scale y by multiplying observations by 0.9 and do not scale x. The new intercept and slope ...
A and B constitute a random sample of size 2 from normal population with the mean µ and variance α2, find the efficiency of (A+2B)/3
Relevant for Exams:
