Question

Answer the following questions based on the information given below:

The bar chart below shows the revenue received, in million U.S.Dollars (USD), from subscribes to a particular Internet service. The data covers the period 2003 to 2007 for the United States(US) and Europe. The bar chart also shows the estimated revenues from subscription to the period 2008 to 2010.

In 2003, sixty percent of subscribers in Europe were men. Given that women subscribers increase at the rate of 10 percent per annum and men at the rate of 5 percent per annum, what is the approximate percentage growth of subscribers between 2003 and 2005 in Europe? The subscription prices are volatile and may change each year.

• A. 22.5
• B. 15
• C. 7
• D. 31
• E. 50

Answer 1

The correct option is A 22.5

Men subscribers = 60%
Growth rate = 5% per annum
Women subscribers = 40%
Growth rate = 10% per annum
Overall growth rate = 7% per annum
Percentage growth from 2003-2005 = 22.5%