Data Interpretation - Bar Charts - Discussion

Discussion Forum : Bar Charts - Bar Chart 2 (Q.No. 3)
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 $)


3.
For which year, the percent increase of foreign exchange reserves over the previous year, is the highest?
1992-93
1993-94
1994-95
1996-97
Answer: Option
Explanation:

There is an increase in foreign exchange reserves during the years 1992 - 1993, 1994 - 1995, 1996 - 1997, 1997 - 1998 as compared to previous year (as shown by bar-graph).

The percentage increase in reserves during these years compared to previous year are:

For 1992 - 1993 = [ (3720 - 2640) x 100 ] % = 40.91%.
2640

For 1994 - 1995 = [ (3360 - 2520) x 100 ] % = 33.33%.
2520

For 1996 - 1997 = [ (4320 - 3120) x 100 ] % = 38.46%.
3120

For 1997 - 1998 = [ (5040 - 4320) x 100 ] % = 16.67%.
4320

Clearly, the percentage increase over previous year is highest for 1992 - 1993.

Discussion:
15 comments Page 1 of 2.

Pooja said:   2 years ago
1992-93.
1993-94.
1994-95.
1996-97.

In question, they have asked about the above years.
In explanation, year93-94 is skipped and instead, 97-98 is taken
Is my interpretation wrong? Anyone, please clarify this.

Pema said:   5 years ago
Why we are not comparing 93 and 94, 94 and 95?

Geetha said:   5 years ago
Difference between 95-96 & 96-97 is more than 92-93 & 91-92 (in million US$). Please explain me.

Nousheen said:   6 years ago
I am not understanding this. Please explain me.

Alon lee said:   6 years ago
How did you get the denominator?

Let's take (3720-2640)/2640 X 100,
How did you find the denominator 2640?
Please tell me.

Thara said:   6 years ago
Here we compare the increase percentage with previous year,

So find the difference between previous year, and the year which we are going to compare, and then divide it with the previous year foreign exchange reserve (because here we want to know how many percentage the foreign exchange will increased compare to the previous year).
(1)

Ileri said:   7 years ago
I still don't understand. Please help me.

Zomoroda said:   8 years ago
Why not 1997-98 is the right answer?

Tejaswini said:   1 decade ago
Hai preeti,

For this question only they are calculate by the options. So thats way not take the 98-99 amount.

Vishal said:   1 decade ago
Why the year 1996-97 is not the right answer?


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