Exams

The pattern followed is *1 + 1, *2 +2 , *3 + 3 , *4 + 4 , *5 + 5

Let his present earnings be Rs. p

ATQ,

(125/100) x (96/100) x (125/100) x (96/100) x (125/100) x p = 72000

p = Rs. 40,000.

The U.S. e-commerce giant, Amazon has been awarded a patent for launching a giant flying warehouse that would acts as a launch pad for drones to deliver items within minutes.The patent reveals plans for setting up an “Airborne Fulfillment Center” (AFC) such as an Airship or Blimp, floating at an altitude of around 45,000 and stocked with lots of products especially in area where the demand for certain items is expected to be high. When a customer places an order, a drone or unmanned aerial vehicles (UAV) will fly down and deliver the package. The patent claims that this would require little or no power because the drone would be gliding down rather than having to take off and land.

The single equivalent payment will be PV + FV.
FV
= Future value of $10,000, 12 months later

$10,000 *(1.0075)/12

$10,938.07
PV=
Present value of $10,000, 24 months earlier

$10,000/(1.0075)24

$8358.31
The equivalent single payment is
$10,938.07 + $8358.31
= $19,296.38