Question : Direction: Study the following bar diagram carefully and answer the question. The bar graph given below shows the foreign exchange reserves of a country (in million US dollars) from 1991– 1992 to 1998– 1999.
The percentage increase in the foreign exchange reserves in 1997– 98 over 1993– 94 is:
Option 1: 100%
Option 2: 150%
Option 3: 200%
Option 4: 120%
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Correct Answer: 100%
Solution :
The foreign exchange reserves in 1997–1998 were $5040$ million, as seen in the bar graph.
2520 million was the amount of foreign exchange reserves in 1993–94.
Change in the number of reserves = $5040 - 2520= 2520$
Percentage increase = $\frac{\text{Difference}}{\text{The foreign exchange reserves in 1993–1994}} \times 100$.
= $\frac{2520}{2520}\times 100=100$%
Hence, the correct answer is 100%.
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