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  1. A sum of Rs. 4.75 lakhs was invested in Company Q in 1999 for one year. How much more interest would have been earned if the sum was invested in Company P?

    2. A.
    Rs. 19,000
    B.

    Rs. 14,250
    C.

    Rs. 11,750
    D.

    Rs. 9500

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    Answer : Option D

    Explanation :

    Difference = Rs. [(10% of 4.75) - (8% of 4.75)] lakhs
      = Rs. (2% of 4.75) lakhs
      = Rs. 0.095 lakhs
      = Rs. 9500.

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