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.
What was the percentage increase in the foreign exchange reserves in 1997-98 over 1993-94 ?
- 80%
- 90%
- 100%
- 110%
Answer: Option C
Explanation:
Foreign exchange reserve in 1997-98 = 5040 million US $
Foreign exchange reserve in 1993-94 = 2520 million US $
Increase = 5040 - 2520 = 2520 million US $
\begin{aligned}
\text{Percentage Increase =} \\
\frac{2520}{2520}*100 = 100 \%
\end{aligned}
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