The following table shows the expenditure of a family from the year 2020 to 2022. What is the average amount of expenses on interest on loans in this period of time ?
| Items |
Expenditure (in Rs. ) |
||
| Year 2020 | Year 2021 | Year 2021 | |
| Food | 98000 | 76500 | 70000 |
| Transportation | 20000 | 22000 | 18000 |
| Fees | 100000 | 115000 | 120000 |
| Interest on loans | 86000 | 96000 | 100000 |
Answer & explanation
Correct answer: option 1
Average amount of expenses on interest on loans in all the three years
= \(\frac{86000 + 96000 + 100000}{3}\)
= \(\frac{282000}{3}\)
= 94000