The line chart given below shows the total loan amount (in Rs. ‘00000) disbursed by 5 different banks B1, B2, B3, B4 and B5 in the year 2024.
For these 5 banks, what is the average value (in Rupees) of the total loans granted by each bank?
Show answer & explanation
Correct answer: A
Explanation
Given:
B1 = 90, B2 = 130, B3 = 100, B4 = 75, B5 = 60
According to the formula:
Average = Sum Total / Count
Sum Total = 90 + 130 + 100 + 75 + 60 = 455
Average = 455 / 5 = 91
In Lakhs = 9,100,000