Data Interpretation Line Graphs Tests

Directions (Qs. 16-20): These questions are based on the information given in the following graph.

Question : 20 of 35

Marks: +1, -0

Madhava invested Rs. 1500 in Company 'B' in 2005 for two years with a condition to get the compound interest at the same rate as 2005. What was the amount of interest earned?

Rs. 4387.75
Rs. 4578.50
Rs. 4578.75
Rs. 4837.50

Validate

Solution:

Required amount of interest earned by Madhava in 2007

=15000[(1+15/100)^2-1]

=15000[{529-400}/400]

= Rs. 4837.50

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