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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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?
  • a)
    Rs 19,000
  • b)
    Rs.14, 250
  • c)
    Rs.11, 750
  • d)
    Rs. 9,500
  • e)
    None of these
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Directions:Two different finance companies declare fixed annual rate o...
DIFFERENCE = Rs. [(10% of 4.75) - (8% of 4.75)]
= Rs. (2% of 4.75) lakhs
= Rs. 0.095 lakhs
= Rs. 9500.
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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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. Can you explain this answer?
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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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. 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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. 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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. 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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. 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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. 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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. 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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. 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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. 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. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?a)Rs 19,000b)Rs.14, 250c)Rs.11, 750d)Rs. 9,500e)None of theseCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
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