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Industry 4.0 · End Term · 10 May 2026 · January 2026 term

Question 3: How state variable is defined for this problem?

Question 3

+1 markOne correct option

Suppose you want to invest 4000nowand4000 now and 2000 at the start of years 2 to 4. The interest rate offered by First Bank is 8% compounded annually, and the bonuses over the next 4 years are 1.8%, 1.7%, 2.1% and 2.5%, respectively. The annual interest rate offered by Second Bank is 0.2% lower than that of First Bank, but its bonus is 0.5% higher. The objective is to maximize the accumulated capital at the end of 4 years. If you apply Dynamic Programming to this problem, answer the given subquestions:

How state variable is defined for this problem?

  1. A

    Year

  2. B

    Capital available for investment at the start of a year

  3. C

    Amounts invested in First Bank in a year

  4. D

    Amounts invested in First Bank and Second Bank in a year

Show answer

Correct answer

  • B

    Capital available for investment at the start of a year

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Question 3 of 34 in the IIT Madras BS Industry 4.0 (Industry 4.0) End Term paper sat on 10 May 2026, in the January 2026 term (Industry 4.0 06 May 26). It carries 1 mark.

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