AAI ATC Junior Executive 21 Feb 2023 Shift 1 Paper
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Question : 45 of 120
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Two different mutual fund companies declare 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 two companies X and Y are given.
An investor invested a sum of Rs. 10 lakh in company X in 2014. 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 investment was (in Rs. lakhs)
| Year | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| X | 6.8 | 7.4 | 7.2 | 7.3 | 8.2 | 8.3 | 8.6 |
| Y | 7.2 | 6.9 | 7.3 | 7.1 | 7.8 | 8 | 8.2 |
An investor invested a sum of Rs. 10 lakh in company X in 2014. 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 investment was (in Rs. lakhs)
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