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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