The following graph shows the expenditure on education sector by Indian government for the years-2014-15 to 2019-20
If the government plans to increase the expenditure by 30% on the average of the expenditures in 2016-17, 2017-18, 2018-19, then the approximate amount(in billions of rupees) to be spent in 2020-21 is:
Answer & explanation
Correct answer: option 3
Average of the expenditures in 2016-17, 2017-18, 2018-19 = \(\frac{720+820+845}{3}\)
= \(\frac{ 2385}{3}\)
= 795
Amount spent in 2020 - 21 is 30% more than the Average of the expenditures in 2016-17, 2017-18, 2018-19.
So , Amount spent in 2020 - 21 = \(\frac{130 }{100}\) × 795
= Rs. 1033.5