Question

Comprehension

Directions: Consider the following table and answer the questions given below.

The following table shows the interest rates (annual) of various banks for the years 2000 to 2004.

Year	2000	2001	2002	2003	2004
HDFC	10%	12%	15%	8%	5%
ICICI	15%	12%	4%	6%	10%
SBI	5%	7%	12%	16%	21%
IDBI	12%	10%	15%	10%	5%

1. Rs. 8900
2. Rs. 8800
3. Rs. 7700
4. Rs. 5500

Answer 1

Correct Answer - Option 1 : Rs. 8900

From the table, 

Total Interest given by SBI from 2002 to 2004 = 12% + 16% + 21% = 49% 

Total Interest given by HDFC from 2001 to 2004 =  12% + 15% + 8% + 5% = 40% 

Interest earned by Anil at Rs 10,000 = 10000 × 49 × 1/100 = Rs 4,900 

Interest earned by sunil at Rs 10,000 = 10,000 × 40 × 1/100 = Rs 4,000

Total interest earned by them together = Rs 4000 + Rs 4900 = Rs 8900 

∴ The correct answer is Rs 8900