Instructions

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.

Question 153

An investor invested a sum of ₹ 15 lakh in Company P in 2008 .The total amount received after one year was reinvested in the same company for one more year .The total appreciation received by the investor on his investments was ......

Solution

Amount received at the end of 2008 = 15(1+8/100 ) = 1620000

Amount received at the end of 2009 = 1620000(1+10/100)=1782000

The total appreciation received by the investor on his investment = 1782000 - 1500000 = 282000


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