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06-10 Carry two marks each
Q. Two finance companies, P and Q, declared fixed annual rates of interest on the amounts invested with them. The rates of interest offered by these companies may differ from year to year. Yearwise annual rates of interest offered by these companies are shown by the line graph provided below.
If the amounts invested in the companies, P and Q, in 2006 are in the ratio 8:9, then the amounts received after one year as interests from companies P and Q would be in the ratio:
  • a)
    2:3
  • b)
    3:4
  • c)
    6:7
  • d)
    4:3
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
06-10 Carry two marks eachQ. Two finance companies, P and Q, declared ...
The amounts invested in the companies of, P and Q in 2006 = 8 : 9
The rate of interest of company ‘P’ in 2006 = 6%
The rate of interest of company ‘Q’ in 2006 = 4%
The amounts received after one year by P and Q companies in 2006 year
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06-10 Carry two marks eachQ. Two finance companies, P and Q, declared fixed annual rates of interest on the amounts investedwith them. The rates of interest offered by these companies may differ from year to year. Yearwiseannual rates of interest offered by these companies are shown by the line graph providedbelow.If the amounts invested in the companies, P and Q, in 2006 are in the ratio 8:9, then the amountsreceived after one year as interests from companies P and Q would be in the ratio:a)2:3b)3:4c)6:7d)4:3Correct answer is option 'D'. Can you explain this answer?
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06-10 Carry two marks eachQ. Two finance companies, P and Q, declared fixed annual rates of interest on the amounts investedwith them. The rates of interest offered by these companies may differ from year to year. Yearwiseannual rates of interest offered by these companies are shown by the line graph providedbelow.If the amounts invested in the companies, P and Q, in 2006 are in the ratio 8:9, then the amountsreceived after one year as interests from companies P and Q would be in the ratio:a)2:3b)3:4c)6:7d)4:3Correct answer is option 'D'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about 06-10 Carry two marks eachQ. Two finance companies, P and Q, declared fixed annual rates of interest on the amounts investedwith them. The rates of interest offered by these companies may differ from year to year. Yearwiseannual rates of interest offered by these companies are shown by the line graph providedbelow.If the amounts invested in the companies, P and Q, in 2006 are in the ratio 8:9, then the amountsreceived after one year as interests from companies P and Q would be in the ratio:a)2:3b)3:4c)6:7d)4:3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 06-10 Carry two marks eachQ. Two finance companies, P and Q, declared fixed annual rates of interest on the amounts investedwith them. The rates of interest offered by these companies may differ from year to year. Yearwiseannual rates of interest offered by these companies are shown by the line graph providedbelow.If the amounts invested in the companies, P and Q, in 2006 are in the ratio 8:9, then the amountsreceived after one year as interests from companies P and Q would be in the ratio:a)2:3b)3:4c)6:7d)4:3Correct answer is option 'D'. Can you explain this answer?.
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