The line chart given below shows the number of followers (in '000) on Instagram of a person in 6 consecutive months MT1, MT2, MT3, MT4, MT5 and MT6.
What is the average monthly increase in the number of followers of the person on the Instagram from MT1 to MT6?
Show answer & explanation
Correct answer: C
Explanation
MT1 = 132, MT2 = 176, MT3 = 214, MT4 = 246, MT5 = 298, MT6 = 321
Difference = 321 − 132 = 189
Period = 6 − 1 = 5
Average Growth = 189 / 5 = 37.8
= 37,800 (in thousands)