Discussion
Home ‣ Data Interpretation ‣ Line chart Comments
- Question
- Samir invested Rs.10,000 in the company 'A' for one year in 2006. He reinvested the total amount along with interest for next one year in 2007. If he had invested for both years in the Company 'B', what would have been the difference between the interests earned?
Options- A. Rs. 16.50 less
- B. Rs. 116.50 more
- C. Rs. 128.50 less
- D. Rs. 128.50 more
- Correct Answer
- Rs. 116.50 more
ExplanationWe can apply the formula to calculate the interest amount
I = P x R x t where
A = Total Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
R = Rate of Interest per year as a percent;
t = Time Period involved in years
For Company A in 2006,
Principle amount = 10000
Rate of interest = 11.5 % ( As per given graph for company A in 2006)
Time = 1 year
The interest amount received by Samir in 2007 I = P x R x t
The interest amount received by Samir in 2007 = 10000 x 11.5 x 1/100= 10000 x 115 x 1/10 x 100 = 10 x 115 = 1150
Total amount received by Samir in 2007 = Interest amount + Principal amount = 10000 + 1150 = 11150
Again For Company A in 2007,
Principle amount = 11150
Rate of interest = 15 % ( As per given graph for company A in 2007)
Time = 1 year
The interest amount received by Samir in 2008 I = P x R x t
The interest amount received by Samir in 2008 = 11150 x 15 x 1/100 = 1115 x 15/10 = 1115 x 3/2 = 3345/2 = 1672.5
Total amount received by Samir in 2008 = Interest amount + Principal amount = 11150+ 1672.5 = 12822.50
Hence, their interest = 12822.50 - 10000 = 2822.50
For Company B in 2006,
Principle amount = 10000
Rate of interest = 13.5 % ( As per given graph for company B in 2006)
Time = 1 year
The interest amount received by Samir in 2007 I = P x R x t
The interest amount received by Samir in 2007 = 10000 x 13.5 x 1/100= 10000 x 135 x 1/10 x 100 = 10 x 135 = 1350
Total amount received by Samir in 2007 = Interest amount + Principal amount = 10000 + 1350 = 11350
Again For Company B in 2007,
Principle amount = 11350
Rate of interest = 14 % ( As per given graph for company B in 2007)
Time = 1 year
The interest amount received by Samir in 2008 I = P x R x t
The interest amount received by Samir in 2008 = 11350 x 14 x 1/100 = 1135 x 14/10 = 1135 x 7/5 = 227 x 7 = 1589
Total amount received by Samir in 2008 = Interest amount + Principal amount = 11350+ 1589 = 12939
Since, their interest = 12939 - 10000 = Rs. 2939
Hence, difference between the interests earned = 2939 - 2822.50 = Rs. 116.50
If Samir had invested the amount in company B for both years then he would get Rs. 116.50 more. - 1. In 2007 Saurabh invested an amount of Rs. 12000 in company 'A' and amount of Rs. 15,000 in Company 'B' for one year. What was the total interest accrued?
Options- A. Rs. 3600
- B. Rs. 3800
- C. Rs. 3900
- D. Rs. 4100 Discuss
- 2. Gopal invested an amount of Rs. 25,000 in company A in 2003 for one year. Thereafter in 2004 he invested the amount along with interest in Company 'B' for one year? What was the total amount of interest earned in the two years together?
Options- A. Rs. 6218.75
- B. Rs. 6800
- C. Rs. 6920
- D. Rs. 7200 Discuss
- 3. What is the approximate average profit made by company A in all the years together?
Options- A. Rs. 3,82,000
- B. Rs. 3,98,000
- C. Rs. 4,83,000
- D. Rs. 5,12,000 Discuss
- 4. If the expenditure of company B in the year 2008 was Rs. 22,11, 430, what was its income in that year?
Options- A. Rs. 26,11,430
- B. Rs. 27,11,430
- C. Rs. 28,14,680
- D. Rs. 32,09,670 Discuss
- 5. If the income of company A in the year 2007 was Rs. 13,54,500. what its expenditure in that year?
Options- A. Rs. 6,48,200
- B. Rs. 7,54,300
- C. Rs. 8,33,500
- D. Rs. 921,600 Discuss
- 6. An amount of Rs. 20,000 was invested in Company 'B' in 2008 and after one year the entire amount along with interest was will be reinvested in the Company A for one more year. What will be total amount of interest accrued?
Options- A. Rs. 5199
- B. Rs. 5762.50
- C. Rs. 5533.75
- D. Rs. 54.25 Discuss
- 7. Madhava invested Rs. 1500 in Company 'B' in 2005 for two years with a condition to get the compound interest at the same rate as 2005. What was the amount of interest earned?
Options- A. Rs. 4387.75
- B. Rs. 4578.50
- C. Rs. 4578.75
- D. Rs. 4837.50 Discuss
- 8. For which months did the sale of commodities A and D show increase?
Options- A. April only
- B. May and June only
- C. May, June and July only
- D. April, May and June only Discuss
- 9. If the sale of C was 100 in May, what was its sale in July?
Options- A. 195
- B. 100
- C. 90
- D. Cannot be determined Discuss
- 10. In which month is the average percentage increase for the four commodities the lowest? (Those months where decrease rook place to be ignored)
Options- A. May
- B. March
- C. January
- D. June Discuss
Line chart problems
Search Results
Correct Answer: Rs. 3900
Explanation:
Simple interest formula I = P x R x T where
P is the Principal amount of money to be invested at an Interest Rate R% per period for T Number of Time Periods.
Interests accrued by Saurabh in 2007 from company A = 12000 x 15 x 1/100
Interests accrued by Saurabh in 2007 from company B = 15000 x 14 x 1/100
Total interests accrued by Saurabh in 2007 from company A and company B = ( 12000 x 15 x 1/100 ) + (15000 x 14 x 1/100 )
Total interests accrued by Saurabh in 2007 from company A and company B = ( 120 x 15 ) + (150 x 14 )
Total interests accrued by Saurabh in 2007 from company A and company B = 1800 + 2100
Total interests accrued by Saurabh in 2007 from company A and company B = Rs. 3900
Correct Answer: Rs. 6920
Explanation:
Simple interest formula I = P x R x T where
P is the Principal amount of money to be invested at an Interest Rate R% per period for T Number of Time Periods.
Interests earned by Gopal from Company A in 2003 = 25000 x 12 x 1/100
Interests earned by Gopal from Company A in 2003 = 250 x 12 = 3000
Total amount in the end of year 2003 = 25000 + 3000 = 28000
Interests earned by Gopal from Company B in 2004 = 28000 x 14 x 1/100
Interests earned by Gopal from Company B in 2004 = 280 x 14
Interests earned by Gopal from Company B in 2004 = 3920
Total interests accrued by Gopal in 2003 and 2004 from company A and company B = 3000 + 3920
Total interests accrued by Gopal in 2003 and 2004 from company A and company B = Rs. 6920
Correct Answer: Rs. 4,83,000
Explanation:
Average profit made by company A in all the years = Rs. (3 + 5 + 4 + 5 + 6 + 6)lakhs/6
= Rs. 29 /6 ? Rs. 4.83 lakh = Rs. 4,83,000
Correct Answer: Rs. 26,11,430
Explanation:
Expenditure of Company B in 2008 = Rs. 22,11,430 and their profit = Rs. 4,00,000
Since, Income = 22,11,430 + 4,00,000 = Rs. 26,11,630
Correct Answer: Rs. 7,54,300
Explanation:
In 2007, income of Company A = Rs. 13,54,300 and their profit = Rs. 6,00,000
Since, their Expenditure = 13,54,300 - 6,00,000 = Rs. 7,54,300
Correct Answer: Rs. 5762.50
Explanation:
Simple interest formula I = P x R x T where
P is the Principal amount of money to be invested at an Interest Rate R% per period for T Number of Time Periods.
Interest received in 2009 from Company B = 20000 x 145 x 1/100 = 2900
Hence, their amount = 20000 + 2900 = Rs. 22900
Interest will be received in 2010 from company A = 22900 x 12.5 x 1/100 = Rs. 2862.50
Hence, total amount of interests for both years = 2900 + 2860.50 = Rs. 5762.50
Correct Answer: Rs. 4837.50
Explanation:
Compound interest = P(1 + r)t - P
or Compound interest = P[(1 + r)t - 1]
where P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate
t = the number of years the money is invested or borrowed for.
Required amount of interest earned by Madhava in 2007 = 15000[(1+ 15/100)2 - 1]
= 15000[(115/100)2 - 1]
= 15000[(23/20)2 - 1]
= 15000[(23 x 23 /20 x 20) - 1]
= 15000[ (529/400) - 1]
= 15000[(529 - 400)/400]
= 15000 x 129/400
= 19350/4
= Rs. 4837.50
Correct Answer: May and June only
Explanation:
From above given graph we can see that there are two months for which graph is going Up.
By seeing the graph we can see that graph is going up for the month of May and June.
So required answer will be May and June only.
Correct Answer:
Explanation:
Correct Answer: January
Explanation:
Average percentage increase of the commodities
Hence , Required answer will be January.
Comments
There are no comments.More in Data Interpretation:
Programming
Copyright ©CuriousTab. All rights reserved.