Target Exam

CUET

Subject

General Test

Chapter

Quantitative Reasoning

Topic

Data Interpretation & Stats

Question:

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:

Options:

₹1,162.6

₹1,129.5

₹1,033.5

₹1,087.3

Correct Answer:

₹1,033.5

Explanation:

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