CAT Exam Model Paper 4 with solutions for free online practice

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Directions for questions 17 to 19: Answer the questions on the basis of the information given below:
The annual sugarcane production (in million tonnes) in Meethagaon for the period 2000-2006 is
shown in the bar graph given below.

Question : 18 of 60

Marks: +1, -0

The sugarcane production in Meethagaon in the year 2007 increases by 15% over the year 2006. What is the approximate compounded annual growth rate of sugarcane production in Meethagaon over the period 2004-2007?

Validate

Solution:

Sugarcane production in 2007

= 337.41×115/100 = 388.02

million tonnes
Let the required value be x%.
∴

{\Production \in 2007}/{\Production \in 2004}= ({100+x}/100)^3

⇒

({100+x}/100)=338.02/237.09=1.64

⇒ x = 17.85

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