The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.
For which year is the percent increase of foreign exchange reserves over the previous year the highest?
1992-93
1993-94
1994-95
1996-97
Correct answer is A
There is an increase in foreign exchange reserves during the years 1992 - 1993, 1994 - 1995, 1996 - 1997, 1997 - 1998 as compared to previous year (as shown by bar-graph).
The percentage increase in reserves during these years compared to previous year are:
For 1992 - 1993 = [ (3720 - 2640)/2640 x 100 ] % = 40.91%.
For 1994 - 1995 = [ (3360 - 2520)/2520 x 100 ] % = 33.33%.
For 1996 - 1997 = [ (4320 - 3120)/3120 x 100 ] % = 38.46%.
For 1997 - 1998 = [ (5040 - 4320)/4320 x 100 ] % = 16.67%.
Clearly, the percentage increase over previous year is highest for 1992 - 1993.
