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Data Interpretation · Q159

Data Interpretation

Competitive Exams · Data Interpretation · question 159

Q159

The percentage increase in the foreign exchange reserves in 1997 - 98 over 1993 - 94 is:

A.
100%
Answer
B.
150%
C.
200%
D.
120%

Answer: Option A

Solution

Answer: Option A
Solution:
\begin{aligned} & \text{Reserve in 1993 - 94 = 2520} \\ & \text{Reserve in 1997 - 98 = 5040} \\ & \text{Increase %} \\ & = \frac{5040 - 2520}{2520} \times 100\% \\ & = \frac{2520}{2520} \times 100 \\ & = 100\% \\\end{aligned}