What is the average amount of interest per year which the company had to pay…
2024
What is the average amount of interest per year which the company had to pay during this period?
- A.
Rs. 32.43 lakhs
- B.
Rs. 33.72 lakhs
- C.
Rs. 34.18 lakhs
- D.
Rs. 36.66 lakhs
Attempted by 23 students.
Show answer & explanation
Correct answer: D
Answer: Rs. 36.66 lakhs
Compute the average of the interest amounts for the given years.
Step 1: Add the interest amounts: 23.4 + 32.5 + 41.6 + 36.4 + 49.4 = 183.3
Step 2: Divide the total by the number of years (5): 183.3 / 5 = 36.66
Step 3: Round to two decimal places if needed and state the average: 36.66 lakhs
Therefore the average amount of interest paid per year during the period is Rs. 36.66 lakhs.