Directions:
( 1-5): 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.
1. 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
2.
If two different amounts in the ratio 8:9 are invested in Companies P
and Q respectively in 2002, then the amounts received after one year
as interests from Companies P and Q are respectively in the ratio?
A.
2:3
B.
3:4
C.
6:7
D.
4:3
E.
None of these
3.
In 2000, a part of Rs. 30 lakhs was invested in Company P and the
rest was invested in Company Q for one year. The total interest
received was Rs. 2.43 lakhs. What was the amount invested in Company
P?
A.
Rs. 9 lakh
B.
Rs. 11 lakh
C.
Rs. 12 lakh
D.
Rs.18 lakh
E.
None of these
4.
An investor invested a sum of Rs. 12 lakhs in Company P in 1998. The
total amount received after one year was re-invested in the same
Company for one more year. The total appreciation received by the
investor on his investment was?
A.
Rs. 2, 96,200
B.
Rs. 2, 42,200
C.
Rs. 2, 25,600
D.
Rs. 2, 16,000
E.
None of these
5.
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
Direction (6 – 10): The following line graph gives the annual
percent profit earned by a Company during the period 1995 - 2000.
Percent
Profit Earned by a Company over the Years.
%Profit
= [(Income – Expenditure)/ (Expenditure)] x 100
6.
If the expenditures in 1996 and 1999 are equal, then the approximate
ratio of the income in 1996 and 1999 respectively is?
A.1:1
B.
2:3
C.13:14
D.
9:10
E.
None of these
7.
If the income in 1998 was Rs. 264 crores, what was the expenditure in
1998?
A.
Rs. 104 crores
B.
Rs. 145 crores
C.
Rs. 160 crores
D.
Rs. 185 crores
E.
None of these
8.
In which year is the expenditure minimum?
A.
2000
B.
1997
C.
1996
D.
Cannot be determined
E.
None of these
9.
If the profit in 1999 was Rs. 4 crores, what was the profit in 2000?
A.
Rs. 4.2 crores
B.
Rs. 6.2 crores
C.
Rs. 6.8 crores
D.
Cannot be determined
E.
None of these
10.
What is the average profit earned for the given years?
A.
50 2/3
B.
55 5/6
C.
60 1/6
D.
33 5/3
E.
None of these
ANSWERS
With Solutions:
1.
Answer: (D)
DIFFERENCE
= Rs. [(10% of 4.75) - (8% of 4.75)]
=
Rs. (2% of 4.75) lakhs
=
Rs. 0.095 lakhs
=
Rs. 9500.
2.
Answer: (D)
Let
the amounts invested in 2002 in Companies P and Q be Rs. 8x and Rs.
9xrespectively.
Then,
interest received after one year from Company P = Rs. (6% of 8x)
=
Rs. (48x/100)
and
interest received after one year from Company Q = Rs. (4% of
9x)
=
Rs. (36x/100)
Required
ratio = 4/3
3.
Answer: (D)
4.
Answer: (C)
Amount
received from Company P after one year (i.e., in 199) on investing
Rs. 12 lakhs in it
=
Rs. [12 + (8% of 12)] lakhs
=
Rs. 12.96 lakhs.
Appreciation
received on investment during the period of two years
=
Rs. (14.256 - 12) lakhs
=
Rs. 2.256 lakhs = Rs. 2, 25,600
5.
Answer: (B)
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
6.
Answer: (D)
Let
the expenditure in 1996 = x.
Also,
let the incomes in 1996 and 1999 be I1 and I2 respectively.
Then,
for the year 1996, we have:
55
=( I1 – x)/(x)*100 è I1= 155x/100 --- (1)
70 =
( I2 – x )/(x) * 100 è I2 = 170x/100 ----- (2)
From
(i) and (ii), we get:
I1
/II2 = 155/170 @ 0.91/1 @ 9/10
7.
Answer: (C)
Let
the expenditure is 1998 be Rs. x crores.
Then,
[65 =( 264 –x)/ x] * 100
x =
160
Expenditure
in 1998 = Rs. 160 crores
8.
Answer: (D)
The
line-graph gives the comparison of percent profit for different
years.
But
the comparison of the expenditures is not possible without more data.
Therefore,
the year with minimum expenditure cannot be determined.
9.
Answer: (D)
From
the line-graph we obtain information about the percentage profit
only. To find the profit in 2000 we must have the data for the income
or expenditure in 2000.
Therefore
the profit for 2000 cannot be determined.
10.
Answer: (B)
Average
percent profit earned for the given years
=
(1/6) x [40 + 55 + 45 + 65 + 70 + 60] = 55 5/6
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