The foreign exchange reserves in 1996-97 were approximate...
The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.
The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review?
95%
110%
115%
125%
Correct answer is D
Average foreign exchange reserves over the given period = [ 1/8 x (2640 + 3720 + 2520 + 3360 + 3120 + 4320 + 5040 + 3120) ] million US $ = 3480 million US $.
Foreign exchange reserves in 1996 - 1997 = 4320 million US $.
Therefore Required percentage = ( 4320/3480 x 100 ) % = 124.14% ≈ 125%.
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