A sum of Rs. 5.25 lakh was invested in company B in 2005 for one year. How much more interest would have been earned, if

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Q 2345091863.     Refer to the following line graph and answer the questions.

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 may differ from year to year depending on the variation in the economy of the country and the bank rate of interest. The annual rate of interest offered by two companies A and B over the years are shown by the line graph provided below.

Annual rate of interest offered by two finance companies A and B over the years
A sum of Rs. 5.25 lakh was invested in company B in 2005 for one year. How much more interest would have been earned, if the sum was invested in company A?
IBPS-PO 2017 Mock Mains
A

Rs. 21480

B

Rs. 24560

C

Rs. 23625

D

Rs. 28480

E

Rs. 23680

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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