Q159
The percentage increase in the foreign exchange reserves in 1997 - 98 over 1993 - 94 is:
A.
100%
AnswerB.
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}