Study the chart and answer the questions: The interest burden in 1991-92 was…
2024
Study the chart and answer the questions:
The interest burden in 1991-92 was higher than that in 1990-91 by
- A.
50%
- B.
Rs. 25 lakh
- C.
90%
- D.
Rs. 41 lakh
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Show answer & explanation
Correct answer: B
Answer: Rs. 25 lakh
Explanation:
Interest in 1990–91 = 30% of 130 lakh = 0.30 × 130 = 39 lakh.
Interest in 1991–92 = 40% of 160 lakh = 0.40 × 160 = 64 lakh.
Difference = 64 lakh − 39 lakh = 25 lakh.