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CAT 1993 — DILR Question 17

Bar GraphsEasy
Passage / Data

Study the graph below and answer the questions.

Total Assets are defined as Net Fixed Assets + Net Current Assets + Investments

What is the approximate simple annual growth rate of Total Assets 1990 and 1993?

Answer & solution

Correct answer: 12%

  • A

    36%

  • 12%

  • C

    9%

  • D

    27%

Solution

The given graph can be represented in the following manner:

​​​​​​​​​​​​​​

The growth rate of total assets between 1990-93 = (30-22)22 = 36% But this is for a 3 year period.

Hence, simple average annual growth rate = 363 = 12%.

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CAT 1993 DILR Q17: What is the approximate simple annual growth rate of Total Assets 1990 and 1993? — Solution | TheCATExam