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?

• A. Rs. 32.43 lakhs
• B. Rs. 33.72 lakhs
• C. Rs. 34.18 lakhs
• D. Rs. 36.66 lakhs

Hint:

For average calculations, always ensure the total covers the exact number of data points, and double-check additions to avoid small mistakes.

Answer 1

The Correct Option is B

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.
\[ \boxed{\text{Rs. 36.66 lakhs (Option (d)}} \]