Multiple Choice Questions on Approximately what was the difference between the number of defaulters of Bank Q in the year 2004 an........... for SBI(PO) Exam Preparation

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Multiple Choice Questions

Approximately what was the difference between the number of defaulters of Bank Q in the year 2004 an...........

Data Interpretation ( SBI PO) Data Table
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    6 Directions: Study the following tables carefully and answer the questions given below: Number of people taking fresh loans from different banks over the years and the per cent of defaulters amongst them each year. 

    Number of people taking fresh loans from different banks over the years 

    Number

    Bank

    Year      P       Q         R        S        T

    2004 27361 26345 25467 28246 30164

    2005 32081 27456 32461 29435 35128

    2006 25361 28637 32652 29565 32144

    2007 23654 29045 32561 28314 36152

    2008 36125 30467 25495 23764 35463

    2009 35465 31963 27649 24356 33214

    2010 34135 31974 28283 26555 31264 

    Approximate percentage of defaulters amongst them each year

    PERCENTAGE 

    Bank

    Year  P Q  R   S  T

    2004 12 9 15 13 19

    2005 24 8 17 20 23

    2006 22 13 16 21 25

    2007 18 11 18 22 19

    2008 12 10 13 23 18

    2009 11 20 11 22 21

    2010   9 21 12 21 23

    Approximately what was the difference between the number of defaulters of Bank Q in the year 2004 and 2005?

    This questions was previously asked in
    SBI PO Mains (20 Jul, 2019)
    View All SBIPO Previous Year Papers

    175 

    Correct Answer

    125 

    Incorrect Answer

    190

    Incorrect Answer

    205

    Incorrect Answer

    140

    Incorrect Answer
    Explanation:

    Let’s break this down step by step and see how the options play out:

    - We’re looking for the difference in the number of defaulters in Bank Q between 2004 and 2005.

    - 2004:

    - Number of people: 26,345

    - % Defaulters: 9%

    - Defaulters: 0.09 × 26,345 ˜ 2,371

    - 2005:

    - Number of people: 27,456

    - % Defaulters: 8%

    - Defaulters: 0.08 × 27,456 ˜ 2,196

    - Difference:

    - 2,371 (2004) – 2,196 (2005) = 175

    Option 1: 175

    Option 2: 125

    Option 3: 190

    Option 4: 205

    Option 5: 140

    - Option 1 fits—difference is 175 people.

    - The other options are off—some by a little, some by a lot.

    - So, Option 1 is correct.

    By: Parvesh Mehta
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