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CAT 1995 — DILR Question 18

Pie-ChartsEasy
Passage / Data

Direction: Answer the questions based on the following piecharts.

If on an average, 20% rate of interest was charged on borrowed funds, then the total borrowed funds used by this company in the given two years amounted to

Answer & solution

  • A

    Rs. 221 Lakh

  • B

    Rs. 195 Lakh

  • C

    Rs. 368 Lakh

  • Rs. 515 Lakh

Solution

Total interest = (30% of 130) + (40% of 160) = (39 + 64) = Rs.103 lakh.
If this total interest is charged on borrowed funds, then
(20% of borrowed funds) = 103. Hence, borrowed funds = (5 × 103) = Rs.515 lakh.

CAT 1995 DILR Q18: If on an average, 20% rate of interest was charged on borrowed funds, then the total borrowed funds used by th — Solution | TheCATExam