Indian Institute of Foreign Trade 2012 Solved Paper

Question : 9 of 128

Marks: +1, -0

If annual average growth rate in production exhibited during 2006 to 2011 continues for next 4 years, then what will be the approximate production of aluminium in the year 2015?

125 million tonnes
140 million tonnes
155 million tonnes
160 million tonnes

Validate

Solution:

The average growth rate of aluminum from 2006-2011

={{105-75}/75}/4=8%

Thus, the average production of aluminum in 2015

=105×(1+0.08×4)=140

tonnes
Hence, option B is the correct answer.𝜕

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