Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Firms under Perfect Competition

Question:

You have 1000 Rs and you decided to investing family business rather than depositing it in a bank where you can get the interest of 5%.
How much interest will you sacrificed?

Options:

40

50

60

70

Correct Answer:

50

Explanation:

The correct answer is Option 2: 50

Here's how to calculate the sacrificed interest:

Interest rate: 5%

Investment amount: 1000 Rs

Sacrificed interest: 1000 * 0.05 = 50 Rs