Let the rate of interest = 'y%' p.a. According to the question, (6450 X 3.5 X y) ÷ 100 = 2709 Or, y = 2709 ÷ 225.75 = 12 So, compound interest received on investing Rs. 3,500 = 3500 X {1 + (12/100)}2 - 3500 = 3500 x 1.122 - 3500 = Rs. 890.4
Walraw’s Law states the following:
The 2nd phase (diminishing returns to a factor) is exhibited by the following total product sequence:
P=400, MC= 200, Lerner index = ?
Which of the following statements is NOT correct under the IS-LM (Fixed Price) model?
If, C = 250 + 0.5 (Y-T) , I = 250-500i, i=0.1 and G=T= 300. What will be the equilibrium level of income?
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
If price of all commodities rise in the same proportion then,
Which of the below probability distribution has same mean and variance?
What did the Securities and Exchange Board of India (Sebi) approve regarding settlement and market regulations?Â
For the given data, n=10, XÌ… = 20, YÌ… = 40, ∑(X-5)^2 = 100, ∑(Y-20)^2 =160 and ∑(X-5)*(Y-20) = 80. Calculate the correlation coefficient ...
