Direction for questions 1 to 4:

If the value of the rupee against the pound is expected to decline by 10 percent in 2017, then what would be the value of £1(in rupees) in 2017?
Direction for questions 1 to 4:

If the value of the rupee against the pound is expected to decline by 10 percent in 2017, then what would be the value of £1(in rupees) in 2017?
(a) In 2016, £1= Rs. 42 (old rupees)
However, by 2017 the value of the rupee will decline by 10 percent.
£1 will now be worth a higher amount of rupees.
In terms of pounds in 2017, we have, £0.9 = Rs. 42 (new rupees)
£1 = 42/0.9 = Rs. 46.6
Hence, option (a)
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(c) &n
the highest average is Rs. 136
Using the data from above question, the lowest average is Rs. 100.
We get the following table of earnings:
Persons | Win Total | Average |
P | 36 * 150 + 14 * 100 = 6800 | 136 |
Q | 34 * 150 + 21 * 100 = 7200 | 131 |
R | 23 * 150 + 36 * 100 = 6850 | 116 |
S | 30 * 150 + 30 * 100 = 6000 | 100 |
Now we can see that the largest difference
= Maximum – Minimum = Rs. 7500 – Rs. 6800
= Rs. 700
IITs = 60; IIMS = 40
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