In the table, the production and the sale (in 1000 tonnes) of a certain product of a company over 5 years is given.
|
Years |
Production (in 1000 tonnes) |
Sale (in 1000 tonnes) |
|
2015 |
1250 |
1000 |
|
2016 |
1400 |
1290 |
|
2017 |
1450 |
1100 |
|
2018 |
1500 |
1450 |
|
2019 |
1600 |
1390 |
In which year(s) the production increases by more than 10% of that in the previous year?
Answer & explanation
Correct answer: option 4
Increase in production in 2016 = \(\frac{150}{1250}\) × 100
= 12%
Increase in production in 2017 = \(\frac{50}{1400}\) × 100
= 3.57%
Increase in production in 2018 = \(\frac{50}{1450}\) × 100
= 3.45%
Increase in production in 2019 = \(\frac{100}{1500}\) × 100
= 6.67%
So , Production is more than 10% in year 2016.