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 are shown by the line graph provided below.
Annual Rate of Interest Offered by Two Finance Companies Over the Years.
2:3
3:4
6:7
4:3
Correct answer is D
Let the amounts invested in 2002 in Companies P and Q be Rs. 8x and Rs. 9x respectively.
Then, interest received after one year from Company P = Rs. (6% of 8x)
= Rs. (48/100) x.
and interest received after one year from Company Q = Rs. (4% of 9x)
= Rs. (36/100) x.
Therefore Required ratio = ( (48/100) x )/( (36/100) x ) = 4/3
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 are shown by the line graph provided below.
Annual Rate of Interest Offered by Two Finance Companies Over the Years.
Rs. 19,000
Rs. 14,250
Rs. 11,750
Rs. 9500
Correct answer is D
Difference = Rs. [(10% of 4.75) - (8% of 4.75)] lakhs
= Rs. (2% of 4.75) lakhs
= Rs. 0.095 lakhs
= Rs. 9500.
Answer the questions based on the given line graph.
Ratio of Exports to Imports (in terms of money in Rs. crores) of Two Companies Over the Years
In which year(s) was the difference between imports and exports of Company B the maximum?
2000
1996
1998 and 2000
Cannot be determined
Correct answer is D
We shall try to find the difference between the imports and exports of Company B for various years one by one:
For 1995: We have
E/I = 0.75
where E = amount of exports, I = amount of imports in 1995.
=> E = 0.75I
Therefore I - E = 0.75 x I = 0.25I.
Thus, the difference between the imports and exports of Company B in 1995 is dependent on the amount of imports of Company B in 1995.
Similarly, the difference for other years can be determined only if the amount of imports for these years is known.
Since the imports or exports for various years are not know, the differences between and exports for various years cannot be determined.
Answer the questions based on the given line graph.
Ratio of Exports to Imports (in terms of money in Rs. crores) of Two Companies Over the Years
Rs. 190 crores
Rs. 210 crores
Rs. 225 crores
Cannot be determined
Correct answer is B
In 1995 for Company A we have:
EA/IA = 1.75 ... (i)
[where EA = amount of exports, IA = amount of imports of Company a in 1995]
In 1995 for Company B we have:
EB/IB = 0.75 ... (ii)
[where EB = amount of exports, IB = amount of imports of Company B in 1995]
Also, we have EA = 2EB ... (iii)
Substituting IA = Rs. 180 crores (given) in (i), we get:
EA = Rs. (180 x 1.75) crores = Rs. 315 crores.
Using EA = Rs. 315 crores in (iii), we get:
EB = EA/2 = Rs. ( 315/2 ) crores.
Substituting EB = Rs. ( 315/2 ) crores in (ii), we get:
IB = EB/0.75 = Rs. ( 315/(2 x 0.75) ) crores = Rs. 210 crores.
i.e., amount of imports of Company B in 1995 = Rs. 210 crores.
Answer the questions based on the given line graph.
Ratio of Exports to Imports (in terms of money in Rs. crores) of Two Companies Over the Years
Rs. 189.6 crores
Rs. 243 crores
Rs. 281 crores
Rs. 316 crores
Correct answer is D
Let the amount of imports of Company A in 1998 be Rs. x crores.
Then, 237/x = 0.75 => x = 237/0.75 = 316
Therefore Amount of imports of Company A in 1998 = Rs. 316 crores.
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