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Directions: The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)


A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.

  • a)
    Rs. 2520

  • b)
    Rs. 2620

  • c)
    Rs. 2800

  • d)
    Rs. 2820

Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Directions:The following line graph shows the data of rate of interest...
Given:
A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year
He bought a Television worth of Rs. 20000 in the next year with the amount received
He invested the remaining amount in company X for one year
Concept Used:
Simple interest (SI) = (P × R × T)/100
Where, P = principal amount, R = rate of interest, and T = time of investment
Calculation:
Amount received after 1 year from Y = 50000 + (50000 × 8)/100 = Rs. 54000
Remaining amount after buying television = 54000 - 20000 = Rs. 34000
Interest received on Rs. 34000 in the next year from X = (34000 × 8)/100 = Rs. 2720
∴ The correct answer is option 3
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Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. Can you explain this answer?
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Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. 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:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. 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:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. Can you explain this answer?.
Solutions for Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. 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:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions:The following line graph shows the data of rate of interests provided by company X and Y in the following 5 years, 2020, 2021, 2022, 2023,and 2024. (all the interest rates are simple interest rate)A person invests an amount of Rs. 50000 in company Y in 2023 for 1 year. After one year, from the total amount received, he bought a Television worth of Rs. 20000 and invested the remaining amount in company X for one year. Find the interest received by him from the investment.a)Rs. 2520b)Rs. 2620c)Rs. 2800d)Rs. 2820Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
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