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 |
The foreign exchange reserves in 1996-97 were approximately what per cent of the average foreign exchange reserves over the period under review? |
A) 95%
B) 110%
C) 115%
D) 125%
E) 140%
Correct Answer: D
Solution :
Average foreign exchange reserves over the given period |
\[=\frac{1}{8}[2640+3720+2520+3360+3120+4320+5040+3120]\] |
\[=\frac{1}{8}\times 27840=3480\]million US $ |
\[\therefore \] Required percentage \[=\frac{4320}{3480}\times 100\]% |
\[=124.14\approx 125\]% |
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