The following graph shows the expenditure on education sector by Indian government for the years-2014-15 to 2019-20
If the government plans to increase the expenditure by 30% on the average of the expenditures in 2016-17, 2017-18, 2018-19, then the approximate amount (in billions of rupees) to be spent in 2020-21 is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e Rs.1,033.5
The average expenditure of years 2016-17, 2017-18 & 2018-19 would be
⇒(720 + 820 + 845) / 3 = 795
The 30% increase in this amount will be
⇒ 795 × 1.3 = 1033.5