Line Chart - 8

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.

1.  A sum of ₹ 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. ₹ 19,000
B. ₹ 14,250
C. ₹ 11,750
D. ₹ 9500
2.  An investor invested a sum of ₹ 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. ₹ 2,96,200
B. ₹ 2,42,200
C. ₹ 2,25,600
D. ₹ 2,16,000
3.  An investor invested ₹ 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. ₹ 5,94,550
B. ₹ 5,80,425
C. ₹ 5,77,800
D. ₹ 5,77,500
4.  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
5.  In 2000, a part of ₹ 30 lakhs was invested in Company P and the rest was invested in Company Q for one year. The total interest received was ₹ 2.43 lakhs. What was the amount invested in Company P?

A. ₹ 9 lakhs
B. ₹ 11 lakhs
C. ₹ 12 lakhs
D. ₹ 18 lakhs