Question : Refer to the data table and answer the following question.

Years GDP growth rate for the year (in %)
2011 8
2012 3
2013 3
2014 8
2015 –7

If the GDP of the country was INR 5 trillion at the end of 2013, what was it at the beginning of 2015?

Option 1: INR 4.65 trillion

Option 2: INR 5.4 trillion

Option 3: INR 5.15 trillion

Option 4: INR 5.05 trillion


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: INR 5.4 trillion


Solution : At the end of 2013, the nation's GDP was INR 5 trillion.
The GDP of the country at the beginning of 2015 will be equal to the GDP of the country at the end of 2014.
⇒ GDP at the beginning of 2015 = 5 trillion + 8% of 5 trillion
= 5 + $\frac{8}{100}\times$ 5
= 5 + 0.4
= INR 5.4 trillion
Hence, the correct answer is INR 5.4 trillion.

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