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CAT 1995 | Question: 163

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Refer to the following pie-chart 

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:

  1. 221 lakh 
  2. 195 lakh
  3. 368 lakh 
  4. 515 lakh
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Interest is $30\%$ in $90-91$ which is $= 30\% \times 130$ lakh

                                                              $= 39\hspace{0.1cm} lakh$

Interest is $40\%$ in $91-92$ which si $= 40\% \times 160$ lakh

                                                              $= 64 \hspace{0.1cm}lakh$

∴ Total interest given in $2$ years $(90-91$ & $91-92)$ = $(39+64)$ lakh = $103 \hspace{0.1cm} lakh$

 On an average, $20\%$ rate of interest was charged on borrowed funds

$∴ \hspace{0.1cm} 20\% \text{ of borrowed fund = 103 lakh}$

$\text{∴ Total amount of borrowed fund in 90-91 & 91-92 =} $ $\dfrac{100}{20} \times 103$ lakh

                                                                                  $ \color{green}{= 515\hspace{0.1cm} lakh}$
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