Data Interpretation - Bar Charts - Discussion
Discussion Forum : Bar Charts - Bar Chart 2 (Q.No. 5)
Directions to Solve
The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.
Foreign Exchange Reserves Of a Country. (in million US $)
5.
What was the percentage increase in the foreign exchange reserves in 1997-98 over 1993-94?
Answer: Option
Explanation:
Foreign exchange reserves in 1997 - 1998 = 5040 million US $.
Foreign exchange reserves in 1993 - 1994 = 2520 million US $.
Increase = (5040 - 2520) = 2520 US $.
| Percentage Increase = |
 |
2520 | x 100 |  |
% = 100%. |
| 2520 |
Discussion:
9 comments Page 1 of 1.
Samaira said:
9 years ago
They have asked increase in foreign exchange in the sense how much it has increased from 1993 to 1997.
Therefore, 5040 - 2520 is 2520.
Now, what percentage over 1993 ie.
2520 (increase) by 2520 (over 1993) *100 = 100%.
Therefore, 5040 - 2520 is 2520.
Now, what percentage over 1993 ie.
2520 (increase) by 2520 (over 1993) *100 = 100%.
Pavithra vellingiri said:
9 years ago
I'm still confused with the answer please do clarify.
Why should we calculate increase to find percentage increased?
I got 200 as an answer.
Why should we calculate increase to find percentage increased?
I got 200 as an answer.
(1)
Surumi shajihan said:
5 years ago
(highest value - lowest value)/lowest value * 100.
=5040 - 2520/2520 * 100,
=2520/2520 * 100,
=100%.
=5040 - 2520/2520 * 100,
=2520/2520 * 100,
=100%.
(1)
Rupinder kaur said:
6 years ago
I don't understand why to take 1997/98 as a base? Please explain.
Saravanan said:
1 decade ago
For increase means(5040/2520)*100 = 200.
My answer is 200%.
My answer is 200%.
(2)
Prerna said:
1 decade ago
Increased change/ FER in 1993-94(old one)
Ranjith said:
3 years ago
2520 : 5040 = 1:2.
Then 1/1*100 = 100%.
Then 1/1*100 = 100%.
Sachin said:
7 years ago
The correct answer is 200.
(1)
Pearl said:
1 decade ago
How do you get 2520/2520?
(1)
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