Data Interpretation - Table Charts - Discussion

Discussion Forum : Table Charts - Table Chart 1 (Q.No. 1)
Directions to Solve

Study the following table and answer the questions based on it.

Expenditures of a Company (in Lakh Rupees) per Annum Over the given Years.

Year Item of Expenditure
Salary Fuel and Transport Bonus Interest on Loans Taxes
1998288983.0023.483
19993421122.5232.5108
20003241013.8441.674
20013361333.6836.488
20024201423.9649.498


1.
What is the average amount of interest per year which the company had to pay during this period?
Rs. 32.43 lakhs
Rs. 33.72 lakhs
Rs. 34.18 lakhs
Rs. 36.66 lakhs
Answer: Option
Explanation:

Average amount of interest paid by the Company during the given period

    = Rs. [ 23.4 + 32.5 + 41.6 + 36.4 + 49.4 ] lakhs
5

    = Rs. [ 183.3 ] lakhs
5

    = Rs. 36.66 lakhs.

Discussion:
56 comments Page 5 of 6.

Stalin said:   1 decade ago
Venkatesh, said absolutely correct. Take the nearest value which is nothing but 36.4 which is the medium value. I hope you guys understand.

Sandip said:   1 decade ago
Hi @Vinayak.... It's simple.

183.3 * 20
----------
5 * 20

= 3666
------
100

= 36.66.

Hammed Lematia said:   1 decade ago
The method was correct because an average is calculated by summing the column values, and then dividing the sum by the number of values in the column.

The average can be referred to as the Mean Value.

Balluraj said:   1 decade ago
You have to practice regular more and more problems to increase your speed.

Sourav said:   1 decade ago
It takes so many time. Is there any other shortcut method?

Stalin said:   1 decade ago
I don't think, we have a shortcut method to solve this problem,

Is there anyone knows the short cut method to solve this problem, because why do need to do shortcut is for Banking exams we will be having less time, if we spend this time for one question, I don't think we can solve all the problems.

Appu said:   1 decade ago
What nearest value?
(1)

Venkatesh said:   1 decade ago
Take the nearest value and then find average then you will get answer easily.

Cheten wangchuk said:   1 decade ago
Is there any other method to solve this problem as it consume time ?

Gajendra chandelkar said:   1 decade ago
Any other short cut method?


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