Quantitative Aptitude Ques 1046

Question: Directions: Study the following graph carefully and answer the questions that follow.

Foreign exchange reserves of a country (in million US ) from 1991-92 to 1998-99 For which year, the per cent increase of foreign exchange reserves over the previous year, is the highest?

Options:

A) 1992-93

B) 1993-94

C) 1994-95

D) 1996-97

E) 1997-98

Show Answer

Answer:

Correct Answer: A

Solution:

  • Years Percentage increase in reserve during these years compared to previous years 1992-93 $ \frac{(3720-2640)}{2640}\times 100=40.91 $ % 1994-95 $ \frac{(3360-2520)}{2520}\times 100=33.33 $ % 1996-97 $ \frac{(4320-3120)}{3120}\times 100=38.46 $ % 1997-98 $ \frac{(5040-4320)}{4320}\times 100=16.67 $ % It is clear that percentage increase over previous year is the highest for 1992-93.