Data Interpretation - Line Charts - Discussion
Discussion Forum : Line Charts - Line Chart 8 (Q.No. 1)
Directions to Solve
Two different finance companies declare fixed annual rate of interest on the amounts invested with them by investors. The rate of interest offered by these companies may differ from year to year depending on the variation in the economy of the country and the banks rate of interest. The annual rate of interest offered by the two Companies P and Q over the years are shown by the line graph provided below.
Annual Rate of Interest Offered by Two Finance Companies Over the Years.
1.
A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?
Answer: Option
Explanation:
| Difference | = Rs. [(10% of 4.75) - (8% of 4.75)] lakhs |
| = Rs. (2% of 4.75) lakhs | |
| = Rs. 0.095 lakhs | |
| = Rs. 9500. |
Discussion:
8 comments Page 1 of 1.
Sony said:
1 decade ago
How 2%of 4.75 becomes 0.095?
(1)
Praveen said:
1 decade ago
2% of 4.75 = 2/100 x 4.75 = 0.095.
Zon said:
1 decade ago
What is "Rs and lakhs"?
Ugyen zangmo said:
9 years ago
Why do we minus 8% from 10%?
(1)
Kavi said:
9 years ago
@Sony.
2/100 is multiplied with 4.75.
So 2*4.75 gives 9.5 then 9.5/100 is .095.
2/100 is multiplied with 4.75.
So 2*4.75 gives 9.5 then 9.5/100 is .095.
Sweety said:
8 years ago
How first step came?
Manas M said:
4 years ago
10 * 4.75-8 * 4.75 = 9.5.
Deki Bhutan said:
4 years ago
P= 10% of 4.75,
Q= 8% of 4.75.
10% - 8% = 2% of 4.75,
2%/100 * 4.75 = 0.095.
= 9500.
Q= 8% of 4.75.
10% - 8% = 2% of 4.75,
2%/100 * 4.75 = 0.095.
= 9500.
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