Study the given chart and answer the question.
In which of the given years is the percentage increase in the number of hotels in comparison to the previous year, is the maximum?
Answer & explanation
Correct answer: option 3
Lets solve one by one for each option.
1. 2001
Percentage increase in number of hotels in 2001 comparative to 2000
= \(\frac{440-410}{410 }\) × 100
= 7.31%
2. 2004
Number of hotels remain same in 2004 and 2003 .
3. 2002
Percentage increase in number of hotels in 2002 comparative to 2001
= \(\frac{570-440}{440 }\) × 100
= \(\frac{130}{440 }\) × 100
= 29.54%
4. 2003
Percentage increase in number of hotels in 2003 comparative to 2002
= \(\frac{710-570}{570 }\) × 100
= \(\frac{140}{570 }\) × 100
= 24.56%
So , percentage increase in the number of hotels in comparison to the previous year is maximum in 2002.