It is found at the end of 1990, that the entire amount estimated for t

1.	It is found at the end of 1990, that the entire amount estimated for the project has been spent. If for 1991, the actual amount spent was equal to that which was estimated, by what percent (approximately) has the actual expenditure exceeded the estimated expenditure?1). 392). 293). 194). 9
Answer» TOTAL expenditure in the year 1988 = 52.1 lakhs Total expenditure in the year 1989 = 267.5 lakhs Total expenditure in the year 1990 = 196.4 lakhs Total expenditure in the year 1991 = 209.5 lakhs Total estimated expenditure in 4 years = 52.1 + 267.5 + 196.4 + 209.5 = 725.5 lakhs Given, it is FOUND at the end of 1990, that the ENTIRE amount estimated for the PROJECT has been SPENT. ∴ 725.5 lakhs is spent at the end of 1990. Now, for 1991, the actual amount spent was equal to that which was estimated. ∴ % spent over the estimated value $(= \frac{{209.5}}{{725.5}} \times 100\% = 28.8\% \approx 29\%)$

It is found at the end of 1990, that the entire amount estimated for the project has been spent. If for 1991, the actual amount spent was equal to that which was estimated, by what percent (approximately) has the actual expenditure exceeded the estimated expenditure?1). 392). 293). 194). 9

Answer»

TOTAL expenditure in the year 1988 = 52.1 lakhs

Total expenditure in the year 1989 = 267.5 lakhs

Total expenditure in the year 1990 = 196.4 lakhs

Total expenditure in the year 1991 = 209.5 lakhs

Total estimated expenditure in 4 years = 52.1 + 267.5 + 196.4 + 209.5 = 725.5 lakhs

Given, it is FOUND at the end of 1990, that the ENTIRE amount estimated for the PROJECT has been SPENT.

∴ 725.5 lakhs is spent at the end of 1990.

Now, for 1991, the actual amount spent was equal to that which was estimated.

∴ % spent over the estimated value $(= \frac{{209.5}}{{725.5}} \times 100\% = 28.8\% \approx 29\%)$

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