a) A person plans to deposit 100000 in the first year in his savings account. He reduces his deposit amount by 2000 thereafter for next 12 years. The bank gives 7.5% interest compounded annually. Find...

Extracted text: a) A person plans to deposit 100000 in the first year in his savings account. He reduces his deposit amount by 2000 thereafter for next 12 years. The bank gives 7.5% interest compounded annually. Find the maturity value of the deposit. b) Given the market demand and supply curve of a product Q = 10000 -P (Demand) Q 9000 + 4P (Supply) (i) Find the equilibrium price and quantity (ii) If a GST of 20 per unit is imposed on the product find its effect on the equilibrium price. Is the buyer less elastic? Why? (iii) Draw a suitable diagram to demonstrate the effect of the GST on the price of the product.