The question asks for the average amount of expenses on interest on loans for the given family over the years 2020, 2021, and 2022. To find the average, we need to sum up the expenditure on interest on loans for each year and then divide by the number of years, which is 3.

Analysing Family Expenditure Data

First, let's identify the expenditure on 'Interest on loans' for each specific year from the provided table:

• Expenditure in 2020: Rs. 86,000
• Expenditure in 2021: Rs. 96,000
• Expenditure in 2022: Rs. 100,000

Calculating Average Expenditure on Interest on Loans

The formula for calculating the average is:

$\text{Average} = \frac{\text{Sum of all values}}{\text{Number of values}}$

In this case, the values are the expenditures on interest on loans for the three years.

Sum of expenditures = Expenditure in 2020 + Expenditure in 2021 + Expenditure in 2022

Sum of expenditures = Rs. 86,000 + Rs. 96,000 + Rs. 100,000

Sum of expenditures = Rs. 282,000

Now, we calculate the average by dividing the sum by the number of years (3):

Average expenditure on interest on loans = $\frac{\text{Sum of expenditures}}{\text{Number of years}}$

Average expenditure on interest on loans = $\frac{Rs. 282,000}{3}$

Average expenditure on interest on loans = Rs. 94,000

Final Average Amount

The average amount of expenses on interest on loans in this period (2020-2022) is Rs. 94,000.

Comparing with Options

Let's compare our calculated average with the given options:

• Option 1: Rs. 96,000
• Option 2: Rs. 94,000
• Option 3: Rs. 90,000
• Option 4: Rs. 1,00,000

Our calculated average, Rs. 94,000, matches Option 2.

Revision Table: Average Calculation Steps

Additional Information: Understanding Average and Expenditure

The average is a measure of central tendency. It gives us a single value that represents a typical amount in a set of data. In this case, the average expenditure on interest on loans tells us the typical yearly spending on this item over the three-year period.

Expenditure refers to the amount of money spent. Analyzing expenditure helps individuals or families understand where their money is going, which is crucial for budgeting and financial planning.

Calculating averages from tables like this is a common way to simplify data and identify trends or typical values over time or across different categories.