2022 · Q94
Consider the following for the next two (02) items that follow: The expenditure (in suitable units) from 2011 to 2017 is: 2011: 13.8, 2012: 15.4, 2013: 10.4, 2014: 13.1, 2015: 15.8, 2016: 17.2, 2017: 19.4. In which year is the percentage increase in expenditure maximum as compared to its previous year?
Elementary MathematicsStatistics
- A2012
- B2014
- C2015
- D2017
Explanation
Year-on-year growth rates: 2012 about 11.6%, 2013 negative, 2014 = 2.7/10.4 about 26.0%, 2015 about 20.6%, 2016 about 8.9%, 2017 about 12.8%. The largest percentage increase over the previous year is in 2014 at roughly 26%. Hence option (b).