wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is the simple annual/average growth rate of average price of silver from 2008 to 2012? (Approximate)

A
22%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
20%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
7%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
14%
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D 14%

Average silver price in 2008 = 15,400 – 11,800 = 3,600

Average silver price in 2012 = 31,300 – 25,700 = 5,600

5,6003,6003,600 × 1004= 13.89% ~ 14% (approx.)


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Averages
QUANTITATIVE APTITUDE
Watch in App
Join BYJU'S Learning Program
CrossIcon