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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)
In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)
  • a)
    Rs. 124000
  • b)
    Rs. 124200
  • c)
    Rs. 123200
  • d)
    Rs. 124500
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Directions:The following line graph shows the data of rate of interest...
Given:
In 2024, an amount of 1 Lac is invested in company X for 1 year 
The total amount received is invested in company Y for 1 year in 2025
The interest rate of 2025 for Y is the same as 2024
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 from X in 1 year = 100000 + (100000 × 8)/100 = Rs. 108000
Amount received from Y in 2025 = 108000 + (108000 × 15)/100 = Rs. 124200
∴ The correct answer is option 2
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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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct answer is option 'B'. 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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct 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: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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct 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: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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct answer is option 'B'. 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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct 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: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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct answer is option 'B'. 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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct answer is option 'B'. 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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct answer is option 'B'. 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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct answer is option 'B'. 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)In 2024, an amount of 1 Lac is invested in company X for 1 year and after that the total amount received is invested in company Y for 1 year in 2025. Find the total amount received after these two years. (The interest rate of 2025 for Y is the same as 2024)a)Rs. 124000b)Rs. 124200c)Rs. 123200d)Rs. 124500Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
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