The following table shows the items of expenditure of a company (in Rs lakh per annum), from 2015 to 2019.
|
Year |
salary |
Fuel and transport |
Bonus |
Interest on loan |
Taxes |
|
2019 |
250 |
90 |
5 |
23.5 |
80 |
|
2018 |
350 |
110 |
2.5 |
30 |
110 |
|
2017 |
325 |
100 |
3.5 |
40 |
70 |
|
2016 |
300 |
125 |
4 |
35 |
90 |
|
2015 |
400 |
140 |
3 |
45 |
100 |
What is the average amount of interest per year which the company had to pay during this period?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e Rs.34.7 lakh
The interest for the loan for all the years is = 23.5, 30, 40, 35 & 45
⇒ 23.5 + 30 + 40 + 35 + 45 = 173.5
Total number of years = 5
Average = 173.5 / 5
⇒ Rs.34.7 lakh