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?
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 2 of 2.
Shrona said:
1 decade ago
Preethi 98-99 previous year is 97-98 .
98-99 is 3120 and 97-98 is 5040.
5040 is greater than 3120 so we do not take 98-99(3120).
As its given in question , " the percent increase of foreign exchange reserves over the previous year, is the highest"
98-99 is 3120 and 97-98 is 5040.
5040 is greater than 3120 so we do not take 98-99(3120).
As its given in question , " the percent increase of foreign exchange reserves over the previous year, is the highest"
Preeti said:
1 decade ago
Why not take the 98-99 amount of 3120?
Amit said:
1 decade ago
Can anyone give easier method for this?
Yogesh said:
1 decade ago
There is need of find % of 1993-94 but they have calculated 1997-98 so, please make it eliminate by 1993-94
Thanx
Thanx
Pearl said:
1 decade ago
During calculations, how do you manage to get the denominator?
ie. 3360-2520 X 100
2520- how do you get this number here?
ie. 3360-2520 X 100
2520- how do you get this number here?
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