Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Instructions
The table given below gives the annual details of loans from rural banks and agricultural loans over the years 1970 to 1983. Using this data answer the questions that follow.
Solution
To change the prices from one year to another year, we have to use the Consumer Price Index.
Value in 1983 = 915.7 millions
CPI in 1983 = 149
CPI in 1970 = 43
Required value in 1970 = $$\frac{43}{149}*915.7$$ = Rs 264 million
Create a FREE account and get:
- All Quant CAT complete Formulas and shortcuts PDF
- 35+ CAT previous year papers with video solutions PDF
- 5000+ Topic-wise Previous year CAT Solved Questions for Free
CAT Quant Questions | CAT Quantitative Ability
CAT Remainders QuestionsCAT Arithmetic QuestionsCAT Venn Diagrams QuestionsCAT Number Systems QuestionsCAT Averages Mixtures Alligations Questions
CAT DILR Questions | LRDI Questions For CAT
CAT Data Interpretation Basics QuestionsCAT Data Interpretation QuestionsCAT Venn Diagrams QuestionsCAT Table with Missing values QuestionsCAT Games and Tournamnents Questions
