The following graph shows the data of the collection of interest on loans (in crore €) by six branches B1, B2, B3, B4, BS and B6 of a bank during the years mentioned.
Based on the information, from the year 2016 to 2017, the highest rate of collection is for the branch:
Answer & explanation
Correct answer: option 4
Lets solve one by one for each option.
1. B4
Increase in rate of collection = \(\frac{40-34 }{34}\) × 100
= \(\frac{6}{34}\) × 100
= 17.6%
2. B1
Increase in rate of collection = \(\frac{52-43 }{43}\) × 100
= \(\frac{9}{43}\) × 100
= 20.9%
3. B3
Increase in rate of collection = \(\frac{35-28 }{28}\) × 100
= \(\frac{7}{28}\) × 100
= 25%
4. B6
Increase in rate of collection = \(\frac{38-25 }{25}\) × 100
= \(\frac{13}{25}\) × 100
= 52%
So , the highest rate of collection is for the branch B6
Ans :- B6