34. Which yields the higher rate of interest-a fixed deposit in a bank which gives Rs. 1,629 after 5 years for every Rs. 1,000 deposited or a National savings certificate which gives Rs. 1,901 after 6 years for Rs. 1,000 ? [Ans. FD : 10.24%, NSC : 11.28%]
34. Which yields the higher rate of interest-a fixed deposit in a bank which gives Rs. 1,629 after 5 years for every Rs. 1,000 deposited or a National savings certificate which gives Rs. 1,901 after 6 years for Rs. 1,000 ? [Ans. FD : 10.24%, NSC : 11.28%]
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Contingency Table
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Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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Question
![[Ans. Rs. 6,151.52]
34. Which yields the higher rate of interest-a fixed deposit in a bank which gives Rs.
1,629 after 5 years for every Rs. 1,000 deposited or a National savings certificate
which gives Rs. 1,901 after 6 years for Rs. 1,000 ? [Ans. FD : 10.24%, NSC: 11.28%]
35. Mr. A has a right to receive an amount of Rs. 1,000 at the end of 12 years from now.
This right has been sold to Mr. B for a present value calculated at the rate of 8% per
annum. The money thus received was invested by Mr. A in a deposit account at 9%
per annum payable half-yearly. After 8 years the account had to be closed and then
Mr. A invested the amount available at 6% per annum in another bank. How much
has Mr. A gained or lost in this transaction, as at the end of 12 years ?
[Ans. Gain of Rs. 13.90]
To
lo aul](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F218cd1d1-168b-4c53-8b57-3f6e1216dab7%2Fcf111304-9c3e-4688-9f62-d12f2d615d98%2F6ax13aq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[Ans. Rs. 6,151.52]
34. Which yields the higher rate of interest-a fixed deposit in a bank which gives Rs.
1,629 after 5 years for every Rs. 1,000 deposited or a National savings certificate
which gives Rs. 1,901 after 6 years for Rs. 1,000 ? [Ans. FD : 10.24%, NSC: 11.28%]
35. Mr. A has a right to receive an amount of Rs. 1,000 at the end of 12 years from now.
This right has been sold to Mr. B for a present value calculated at the rate of 8% per
annum. The money thus received was invested by Mr. A in a deposit account at 9%
per annum payable half-yearly. After 8 years the account had to be closed and then
Mr. A invested the amount available at 6% per annum in another bank. How much
has Mr. A gained or lost in this transaction, as at the end of 12 years ?
[Ans. Gain of Rs. 13.90]
To
lo aul
![which gives Rs.
Mr A has a right to receive an amount of Rs. 1,000 at the end of 12 years from now.
This right has been sold to Mr. B for a present value calculated at the rate of 8%
per
annum. The money thus received was invested by Mr. A in a deposit account at 9%
per annum payable half-yearly. After 8 years the account had to be closed and then
Mr. A invested the amount available at 6% per annum in another bank. How much
has Mr. A gained or lost in this transaction, as at the end of 12 years ?
[Ans. Gain of Rs. 13.90]
1o ster lamTs ns dn hoa
om to oulav a ner
010m babauog
alih
0.00
01 l
000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F218cd1d1-168b-4c53-8b57-3f6e1216dab7%2Fcf111304-9c3e-4688-9f62-d12f2d615d98%2Fdi2ndqw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:which gives Rs.
Mr A has a right to receive an amount of Rs. 1,000 at the end of 12 years from now.
This right has been sold to Mr. B for a present value calculated at the rate of 8%
per
annum. The money thus received was invested by Mr. A in a deposit account at 9%
per annum payable half-yearly. After 8 years the account had to be closed and then
Mr. A invested the amount available at 6% per annum in another bank. How much
has Mr. A gained or lost in this transaction, as at the end of 12 years ?
[Ans. Gain of Rs. 13.90]
1o ster lamTs ns dn hoa
om to oulav a ner
010m babauog
alih
0.00
01 l
000
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