In which year, the percentage increase in expenditure is <strong>MAXIMUM</strong> as compared to its previous year?

Consider the following data:<br>The expenditure (in lakhs of rupees) of a company for the years 2011 to 2017 is as under:<br><table> <thead> <tr> <th>Year</th> <th>Expenditure</th> </tr> </thead> <tbody> <tr> <td>2011</td> <td>13.8</td> </tr> <tr> <td>2012</td> <td>15.4</td> </tr> <tr> <td>2013</td> <td>10.4</td> </tr> <tr> <td>2014</td> <td>13.1</td> </tr> <tr> <td>2015</td> <td>15.8</td> </tr> <tr> <td>2016</td> <td>17.2</td> </tr> <tr> <td>2017</td> <td>19.4</td> </tr> </tbody> </table>

  1. A. 2012
  2. B. 2014 ✓
  3. C. 2015
  4. D. 2017

Correct Answer: B. 2014

Explanation

Evaluating the percentage growth: 2012 \approx 11.6\%, 2014 = \frac{13.1-10.4}{10.4} \approx 25.9\%, 2015 \approx 20.6\%. The maximum percentage increase occurred in 2014.

Related questions on Statistics & Probability

Practice more CDS Elementary Mathematics questions