Directions (1 - 5): Study the chart and answer the questions:
If on an average, 20% rate of interest was charged on borrowed funds, then the total borrowed funds used by this company is the given 2 yr amounted to
A. Rs 221 lakh
B. Rs 195 lakh
C. Rs 368 lakh
D. Rs 515 lakh
Answer: Option D
Solution(By Examveda Team)
Total interest= (30% of 130) + (40% of 160)
= 39 + 64
= Rs. 103 lakh
Given that,
This interest is calculated on 20% of borrowed fund.
Hence, borrowed funds
= $$\frac{103\times100}{20}$$
= Rs 515 lakh
Join The Discussion
Comments ( 1 )
Related Questions on Pie Chart
The annual savings in the form of provident fund would be:
A. Rs. 48456
B. Rs. 48540
C. Rs. 44856
D. Rs. 45480
A. Rs. 23545
B. Rs. 24435
C. Rs. 23555
D. Rs. 25355
The total amount per month, the family spends on food and entertainment combined together, is:
A. Rs. 11432
B. Rs. 11441
C. Rs. 12315
D. Rs. 12443
Why have they taken the reciprocal of 20% ? And instead of doing this 103×20÷100 why have they done this way 103×100÷20 ??