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AAI ATC Junior Executive 21 Feb 2023 Shift 1 Paper

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Question : 45

Total: 120

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 on 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

An investor invested a sum of Rs. 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)

11.51328
10.56422
11.65235
11.53265

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