Banking Exams Exam  >  Banking Exams Questions  >  Directions: Two different finance companies d... Start Learning for Free
Directions: 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 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
Directions: Two different finance companies declare fixed annual rate ...
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
View all questions of this test
Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

Directions: 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 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?
Question Description
Directions: 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 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 Directions: 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 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 Directions: 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 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?.
Solutions for Directions: 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 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? 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 Directions: 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 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? defined & explained in the simplest way possible. Besides giving the explanation of Directions: 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 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?, a detailed solution for Directions: 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 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? has been provided alongside types of Directions: 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 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? theory, EduRev gives you an ample number of questions to practice Directions: 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 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? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev