The foreign exchange reserves in 1996 -- 97 were approximately what percent of the average foreign exchange reserves over the period under review?

95%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

110%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

115%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

125%

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

140%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D
125%

Average foreign exchange reserves over the given period $= [\frac{1}{8} \times (2640 + 3720 + 2520 + 3360 + 3120 + 4320 + 5040 + 3120)] m i l l i o n U S $$ = 3480 million US $.

Foreign, exchange reserves in 1996 -- 97 = 4320 million US $.

$∴$ Required Percentage $= \frac{4320}{3480} \times 100 = 124.14 % = 125 % .$

Suggest Corrections

Similar questions

The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review?

Directions for the following:

Read the following information and answer the items that follow. Your answers to these items should be based on the information given only.

The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.

Foreign Exchange Reserves Of a Country. (in million US $)

Question 32.The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review?

For which year, the percent increase in foreign exchange reserves over the previous year, is the highest?

What was the percentage increase in the foreign exchange reserves in 1997 -- 98 over 1993 -- 94?

Q. The ratio of the number of years, in which the foreign exchange reserves are above the average reserves, to those in which the reserves are below the average reserves is?

Join BYJU'S Learning Program

The foreign exchange reserves in 1996 -- 97 were approximately what percent of the average foreign exchange reserves over the period under review?

The correct option is D 125% Average foreign exchange reserves over the given period =[18×(2640+3720+2520+3360+3120+4320+5040+3120)]million US $ = 3480 million US $. Foreign, exchange reserves in 1996 -- 97 = 4320 million US $. ∴ Required Percentage =43203480×100=124.14%=125%.