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Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.
Annual Rate of Interest Offered by Two Finance Companies Over the Years.
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
Two different finance companies declare fixed annual rate of interest ...
Amount received from Company Q after one year on investment of Rs. 5 lakhs in the year1996
= 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 theyear 1997
= Rs. [5.325 + (9% of 5.325)] lakhs
= Rs. 5.80425 lakhs
= Rs. 5, 80, 425.
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Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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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Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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 Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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 Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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?.
Solutions for Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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? defined & explained in the simplest way possible. Besides giving the explanation of Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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?, a detailed solution for Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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? has been provided alongside types of Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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? theory, EduRev gives you an ample number of questions to practice Two different finance companies declare fixed annual rate of interest on the amounts investewith them by investors. The rate of interest offered by these companies may differ from yearto year depending on the variation in the economy of the country and the banks rate ofinterest. The annual rate of interest offered by the two Companies P and Q over the years isshown by the line graph provided below.Annual Rate of Interest Offered by Two Finance Companies Over the Years.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? tests, examples and also practice Banking Exams tests.
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