Instructions
Study the following tables carefully and answer the questions given below:
Number of people taking fresh loans from different Banks over the years and the percentage of defaulters amongst them each year
Number of people taking fresh loans from different banks over the year
NUMBER
Approximate Percentage of defaulters amongst them each year
PERCENTAGE
Question 127
Approximately what was the difference between the number of defaulters of Bank Q in the year 2004 and 2005 ?
Solution
Total number of defaulters of Bank Q in 2004 = $$\frac{9}{100} \times 26345$$
= $$2371.05 \approx 2371$$
Total number of defaulters of Bank Q in 2005 = $$\frac{8}{100} \times 27456$$
= $$2196.48 \approx 2196$$
$$\therefore$$ Required difference = $$2371 - 2196 = 175$$
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