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Indian Institute of Foreign Trade 2012 Solved Paper
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© examsnet.com
Question : 9
Total: 128
If annual average growth rate in production exhibited during 2006 to 2011 continues for next 4 years, then what will be the approximate production of aluminium in the year 2015?
125 million tonnes
140 million tonnes
155 million tonnes
160 million tonnes
Validate
Solution:
The average growth rate of aluminum from 2006-2011
=
105
−
75
75
4
=
8
%
Thus, the average production of aluminum in 2015
=
105
×
(
1
+
0.08
×
4
)
=
140
tonnes
Hence, option B is the correct answer.𝜕
© examsnet.com
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