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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 invested Rs. 12,500 in company X in the year 2020 for 1 year. If he had invested the same amount in company Y for one year in 2020, how much less amount would he earn than?
  • a)
    Rs. 200
  • b)
    Rs. 250
  • c)
    Rs. 500
  • d)
    Rs. 550
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Directions:The following line graph shows the data of rate of interest...
Given:
A person invested Rs. 12,500 in company X in the year 2020 for 1 year
Concept Used:
Simple interest (SI) = (P × R × T)/100
Where, P = principal amount, R = rate of interest, and T = time of investment
Calculation:
The interest received from X = (12500 × 12)/100 = Rs. 1500
The interest received from Y = (12500 × 10)/100 = Rs. 1250
He would earn (1500 - 1250) = Rs. 250 less from Y than X
∴ 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)A person invested Rs. 12,500 in company X in the year 2020 for 1 year. If he had invested the same amount in company Y for one year in 2020, how much less amount would he earn than?a)Rs. 200b)Rs. 250c)Rs. 500d)Rs. 550Correct 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)A person invested Rs. 12,500 in company X in the year 2020 for 1 year. If he had invested the same amount in company Y for one year in 2020, how much less amount would he earn than?a)Rs. 200b)Rs. 250c)Rs. 500d)Rs. 550Correct 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)A person invested Rs. 12,500 in company X in the year 2020 for 1 year. If he had invested the same amount in company Y for one year in 2020, how much less amount would he earn than?a)Rs. 200b)Rs. 250c)Rs. 500d)Rs. 550Correct 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)A person invested Rs. 12,500 in company X in the year 2020 for 1 year. If he had invested the same amount in company Y for one year in 2020, how much less amount would he earn than?a)Rs. 200b)Rs. 250c)Rs. 500d)Rs. 550Correct 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)A person invested Rs. 12,500 in company X in the year 2020 for 1 year. If he had invested the same amount in company Y for one year in 2020, how much less amount would he earn than?a)Rs. 200b)Rs. 250c)Rs. 500d)Rs. 550Correct 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.
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