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CAT 1997 — DILR Question 15

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Passage / Data

Direction: Answer the questions based on the following table.

​​​​​​​​​​​​​​

​​​​​​​Note: All projects start in 1997.

Additional direction: Assume that the cost of the project is incurred in the year of completion; interest is charged at the rate of 10% per annum.

What is the approximate cost incurred for projects completed by 2000?

Answer & solution

  • A

    Rs. 1,785

  • Rs. 2,140

  • C

    Rs. 2,320

  • D

    None of these

Solution

Students! read the question carefully. It says what is the cost of projects completed by 2000.
It will be addition of previous two answers + Cost incurred for the projects completed in 2000.
Approximate cost of projects completed by 2000 is 1282.6 + 522.5 + (250 × (1.1)3) ≈ 2140.

CAT 1997 DILR Q15: Additional direction: Assume that the cost of the project is incurred in the year of completion; interest is c — Solution | TheCATExam