Question
Out of a total sum of ₹5,000, Danish invested one part
at 12% simple interest per annum and the remaining part at 10% simple interest per annum. If the total interest that accrued to Danish in two years equals ₹, 1044, what was the sum Danish invested at 12% simple interest per annum?Solution
Let Rs. P be invested at 12% simple interest. Hence, (5000 - P) is invested at 10% simple interest. According to the question, (P × 12 × 2)/100 + ((5000 - P) × 10 × 2)/100 = 1044 24P - 20P + 100000 = 104400 4P =4400 P=1100.
What is the elasticity of demand given by x=100-50p at price = 10?
Which of the following are characteristic of the ‘Accelerator Theory’ of investment?
The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______
What is the Fiscal deficit budgeted for 2024-25 as per the Union budget?
When a firm’s decision to produce decreases the wellbeing of others, but the firm does not compensate those others. It is a case of______.
...If a Cobb-Douglas production is Q = K0.4 L0.6 the function is
For a positively sloped LM curve, which of the following statements is CORRECT?
For goods x1 and x2 with prices P1 and P2, if dx1/dP2 is positive then,
Which of the following statements is incorrect regarding Phillips’s curve?
NBFC Deposits are added in which of the following?
Relevant for Exams:
