Study the given graph and answer the question that follows.
In 2020, if the imports increased from 2019 by the same percentage as in 2019 over the previous year, then what was the amount of imports (in ₹ crores) in 2020?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 500.
Import percentage increase in 2019 over its previous year = (400 - 320)/320 × 100 = 25%
Import in 2020 = 400 × (125/100) = 500