Please enter the following details
Study the following graph to answer these question?
Three different finance companies declare a 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 three Companies P, Q, and R over the years are shown by the line graph provided below.
If two different amounts in the ratio 8:9 are invested in Companies P and Q respectively in 2012, then the amounts received after one year as interests from Companies P and Q are respectively in the ratio?
8X was invested in Company P and 9X in Company Q in 2012.
in 2012, P had an interest rate of 6% and Q an interest rate of 4%
We need to find the ratio of interest,
For Company P, it would be 0.06(8X)=0.48X
For Company Q, it would be 0.04(9X)=0.36X
P is to Q ratio will therefore be 4:3
