ECO406 Assignment 1 Solution and Discussion


@BabarSatti said in ECO406 Assignment 1 Solution and Discussion:
Question no.4
Calculate the future value (Pt) of a principal or present amount (Po) i.e. Rs.
450 at 14% interest rate, three years from now when compounded annually.
(Marks: 3)Solution Idea

@BabarSatti said in ECO406 Assignment 1 Solution and Discussion:
Question no.2
Solve the following equation by factorizing method and find the values of
X.
2X2
4X30=0
(Marks: 5)2×24x=0
24x=0
4x=2
x=2/4
x=1/2 
@BabarSatti said in ECO406 Assignment 1 Solution and Discussion:
Question no. 1
Which among the followings are identities and which are equations, and
why?
I. 4(x1) +1=x3(1x)
II. x(x1) =x(x2) +6
(Marks: 2)4( x1)+1=x3(1x)
=4x4+1 =x3+3x
=4x3 =4x3 This is identity.
2.x(x1) x(x2)+6
This is equation. 
@cyberian
SEMESTER SPRING 2020
MATHEMATICAL ECONOMICS (ECO406)
ASSIGNMENT
DUE DATE: 11TH JUNE, 2020
MARKS: 15
Question no. 1
Which among the followings are identities and which are equations, and
why?
I. 4(x1) +1=x3(1x)
II. x(x1) =x(x2) +6
(Marks: 2)
Question no.2
Solve the following equation by factorizing method and find the values of
X.
2X2
4X30=0
(Marks: 5)
Question no.3
Solve the following equation and find the value of unknown(x).
6 2 2 3
5 37 5 2
x x
x x
(Marks: 5)
Question no.4
Calculate the future value (Pt) of a principal or present amount (Po) i.e. Rs.
450 at 14% interest rate, three years from now when compounded annually.
(Marks: 3)
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@cyberian pleaseprovide solution