Question:
Study the following table and answer the questions based on it. Expenditures of a Company (in Lakh Rupees) per Annum Over the given Years.
What is the average amount of interest per year which the company had to pay during this period?
Study the following table and answer the questions based on it. Expenditures of a Company (in Lakh Rupees) per Annum Over the given Years.
What is the average amount of interest per year which the company had to pay during this period?
Show Hint
For average calculations, always ensure the total covers the exact number of data points, and double-check additions to avoid small mistakes.
Updated On: Nov 29, 2025
- Rs. 32.43 lakhs
- Rs. 33.72 lakhs
- Rs. 34.18 lakhs
- Rs. 36.66 lakhs
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Step 1 (Extract interest on loans data from table).
From the table: 1998 = 23.4 lakhs
1999 = 32.5 lakhs
2000 = 41.6 lakhs
2001 = 36.4 lakhs
2002 = 49.4 lakhs
Step 2 (Find total interest over all years).
Total = \(23.4 + 32.5 + 41.6 + 36.4 + 49.4\)
First, \(23.4 + 32.5 = 55.9\)
Next, \(55.9 + 41.6 = 97.5\)
Then, \(97.5 + 36.4 = 133.9\)
Finally, \(133.9 + 49.4 = 183.3\) lakhs
Step 3 (Calculate average per year).
Number of years = 5
Average interest = \(\dfrac{183.3}{5} = 36.66\) lakhs
Step 4 (Match with options).
This matches Option 4, not Option 2.
\[ \boxed{\text{Rs. 36.66 lakhs (Option (d)}} \]
From the table: 1998 = 23.4 lakhs
1999 = 32.5 lakhs
2000 = 41.6 lakhs
2001 = 36.4 lakhs
2002 = 49.4 lakhs
Step 2 (Find total interest over all years).
Total = \(23.4 + 32.5 + 41.6 + 36.4 + 49.4\)
First, \(23.4 + 32.5 = 55.9\)
Next, \(55.9 + 41.6 = 97.5\)
Then, \(97.5 + 36.4 = 133.9\)
Finally, \(133.9 + 49.4 = 183.3\) lakhs
Step 3 (Calculate average per year).
Number of years = 5
Average interest = \(\dfrac{183.3}{5} = 36.66\) lakhs
Step 4 (Match with options).
This matches Option 4, not Option 2.
\[ \boxed{\text{Rs. 36.66 lakhs (Option (d)}} \]
Was this answer helpful?
0
0
Top Questions on Average
- The average number of copies of a book sold per day by a shopkeeper is 60 in the initial seven days and 63 in the initial eight days, after the book launch. On the ninth day, she sells 11 copies less than the eighth day, and the average number of copies sold per day from the second day to the ninth day becomes 66. The number of copies sold on the first day of the book launch is:
- The average marks obtained by a class in an examination were calculated as 30.8. However, while checking the marks entered, the teacher found that the marks of one student were entered incorrectly as 24 instead of 42. After correcting the marks, the average becomes 31.4. How many students does the class have?
- The average marks obtained by a class in an examination were calculated as 30.8. However, while checking the marks entered, the teacher found that the marks of one student were entered incorrectly as 24 instead of 42. After correcting the marks, the average becomes 31.4. How many students does the class have?
- The average age of a group of boys and girls is 18 years. If the average age of boys is 20 years and that of girls is 15 years, then what is the percentage of boys in the group?
- Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Concepts} & \textbf{Formula} \\ \hline \text{(A) Weighted Mean} & \text{(I) \(\frac{\sum_{i=1}^{n} w_i x_i}{\sum_{i=1}^{n} w_i}\)} \\ \hline \text{(B) Grand Mean of Combined Data} & \text{(II) \(\frac{\sum_{i=1}^{n} x_i}{n}\)} \\ \hline \text{(C) Harmonic Mean} & \text{(III) \(\frac{n}{\sum_{i=1}^{n} \frac{1}{x_i}}\)} \\ \hline \text{(D) Geometric Mean} & \text{(IV) \(\left( \prod_{i=1}^{n} x_i \right)^{1/n}\)} \\ \hline \end{array}\] Choose the correct answer from the options given below:
View More Questions
Questions Asked in SNAP exam
- If there are two red and blue dice. Find the probability when the sum of the dice is a prime number, where the number on red is more than blue.
- SNAP - 2025
- Probability
- A solid metallic cylinder of radius \( 6 \, \text{cm} \) and height \( 20 \, \text{cm} \) is melted and recast into a large sphere. What is the radius of the sphere?
- SNAP - 2025
- Mensuration
- A shopkeeper marks up his goods by 40% and offers a discount of 10%. What is his final profit percentage?
- SNAP - 2025
- Profit and Loss
- The political opinion piece in the newspaper was a __________ critique of the government's foreign policy, aiming to __________ a strong public reaction.
- SNAP - 2025
- Fill in the Blanks
- The policy was considered a resounding success by almost all economic analysts. Identify the part of speech of 'resounding'.
- SNAP - 2025
- English Grammar
View More Questions