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Practice Question
An investor invested a sum of ? 10 lakh in company X in 2014. The total amount received after one year was reinvested in the same company for one more year-. The total appreciation received by the investor on his investment was (in Rs lakhs):

Two different mutual fund companies declare fixed annual rate of interest on the amounts invested with them by investors. The rate of interest offered by these companies may differ from year to year depending 011 the variation in the economy of the country and the banks’ rate of interest, The annual rate of interest offered by the two companies X and Y are given.

 

Year 2013 2014 2015 2016 2017 2018 2019
X 6.8 7.4 7.2 7.3 8.2 8.3 8.6
Y 7.2 6.9 7.3 7.1 7.8 8 8.2

Select one correct option:

11.51328 Correct 💪 In-correct 🧐
11.65235 Correct 💪 In-correct 🧐
11.53265 Correct 💪 In-correct 🧐
10.56422 Correct 💪 In-correct 🧐