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The annual rate of interest offered by the two Companies P and Q over the years is shown by the line graph provided below.
Q. An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by the investor?
  • a)
    Rs. 5, 94,550
  • b)
    Rs. 5, 80,425
  • c)
    Rs. 5, 77,800
  • d)
    Rs. 5, 77,500
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The annual rate of interest offered by the two Companies P and Q over ...
Amount received from Company Q after one year on investment of Rs. 5 lakhs in the year
1996
= Rs. [5 + (6.5% of 5)] lakhs
= Rs. 5.325 lakhs.
Amount received from Company P after one year on investment of Rs. 5.325 lakhs in the year 1997
= Rs. [5.325 + (9% of 5.325)] lakhs
= Rs. 5.80425 lakhs
= Rs. 5, 80, 425
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The annual rate of interest offered by the two Companies P and Q over the years is shown by the line graph provided below.Q. An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by the investor?a)Rs. 5, 94,550b)Rs. 5, 80,425c)Rs. 5, 77,800d)Rs. 5, 77,500e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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The annual rate of interest offered by the two Companies P and Q over the years is shown by the line graph provided below.Q. An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by the investor?a)Rs. 5, 94,550b)Rs. 5, 80,425c)Rs. 5, 77,800d)Rs. 5, 77,500e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about The annual rate of interest offered by the two Companies P and Q over the years is shown by the line graph provided below.Q. An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by the investor?a)Rs. 5, 94,550b)Rs. 5, 80,425c)Rs. 5, 77,800d)Rs. 5, 77,500e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The annual rate of interest offered by the two Companies P and Q over the years is shown by the line graph provided below.Q. An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by the investor?a)Rs. 5, 94,550b)Rs. 5, 80,425c)Rs. 5, 77,800d)Rs. 5, 77,500e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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