Question 1
Back to Exercise
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 Correct
Correct Answer: Option D
Difference = ₹ [(10% of 4.75) - (8% of 4.75)] lakhs
= ₹ (2% of 4.75) lakhs
= ₹ 0.095 lakhs
= ₹ 9500.
Discussion & Comments 0
Share your method, a shortcut, or ask about a step you didn't follow.
No comments yet. Be the first to share your solution!