Directions: The following bar graph shows the circulation growth of the magazine ABC from July 2022 to December 2022.
From October to December, there was an even growth rate, the average of which, is (correct up to one decimal place):
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 2.9%.
The growth rate from November to December = (211885 - 204933)/204933 × 100
⇒ 6952/204933 × 100 = 3.40%
Now,
The growth rate from October to November = (204933 - 200189)/200189 × 100
⇒ 4744/200189 × 100 = 2.37%
So,
Average growth = (3.40 + 2.37)/2 = 5.77/2 = 2.88 = 2.9%