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The given table shows the details of the expenditure incurred (in ₹ crores) by a tea garden from 2013 to 2017. Study the table carefully and answ
Question

The given table shows the details of the expenditure incurred (in ₹ crores) by a tea garden from 2013 to 2017. Study the table carefully and answer the following question.

Year
Items of Expenditure (₹ in Crores)
Salary
Fuel etc.
Bonus
Interest on loans
Taxes
2013
60.5
20
0.8
4.88
18.6
2014
68.4
23.4
0.4
7
22.6
2015
62.8
19.4
0.86
8.85
16.8
2016
67.2
28.8
0.89
6.28
17.5
2017
84
30.2
0.96
10.11
21.6

The range of expenditure incurred over the five-year period is most similar for which of the following items of expenditure?

A.

Salary and Taxes

B.

Salary and Fuel etc

C.

Fuel etc and Interest on Loans

D.

Interest on Loans and Taxes

Correct option is D

Concept used:

Range = Maximum value − Minimum value

Solution:

Salary:

Values: 60.5 , 68.4 , 62.8 , 67.2 , 84

Range = 84 − 60.5 = 23.5

Fuel etc:

Values: 20 , 23.4 , 19.4 , 28.8 , 30.2

Range = 30.2 − 19.4 = 10.8 

Bonus:

Values: 0.8 , 0.4 , 0.86 , 0.89 , 0.96

Range = 0.96 − 0.4 = 0.56

Interest on Loans:

Values: 4.88 , 7 , 8.85 , 6.28 , 10.11

Range = 10.11 − 4.88 = 5.23

Taxes:

Values: 18.6 , 22.6 , 16.8 , 17.5 , 21.6

Range = 22.6 − 16.8 = 5.8

The range of expenditure that is most similar over the five-year period is between Interest on Loans (5.23) and taxes (5.8)

Thus, correct answer is (d) Interest on Loans and Taxes

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