Question

6. Two different finance companies declare fixed annual rate of interest on the
amounts invested with them by investors. The rate of interest offered by
these companies differed from year to year depending on the variation in the
economy of the country and the rate of interest set by banks. The annual rate
of interest offered by the two companies P and Q over the years are shown in
the line graph given here.
10
8
8
B
6.5
6.5
NW 6
1996
1997
1998
1999
2000
2001
2002
Years
Company P
Company Q
A sum of 4.75 lakhs was invested in company Q in 1999 for one year.
How much more interest would have been earned if the sum was invested in
company P?
a R 19 000 b. 14,250 c*11.750
9.500​

Answer 1

Answer:

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