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Question Detail
The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991-92 to 1998-99. Answer the questions based on graph.
The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review ?
- 80%
- 100%
- 125%
- 130%
Answer: Option C
Explanation:
First get the average of these 8 years.
which is,
1/8(2640+3720+2520+3360+3120+4320+5040+3120)
= 3480 million US $
Foreign exchange reserves in 1996-97 = 4320 million US $
Required Percentage =
\begin{aligned}
\left( \frac{4320}{3480}*100\right)\%
= 125\%
\end{aligned}
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