ICSE Class 8 Answered
Expert Answer
2003,2004-05,2006-07,2007-08 as compared to previous year (as shown by bar graph)
the percentage increase in reserves during these years compared to previous year are
(1) for 2002-03 =[(3720-2640)/2640*100]% =40.91%
(2) for 2004-05=[(3360-2520)/2520*100]%=33.33%
(3) for 2006-07=[(4320-3120)/3120*100]%=38.46%
(4) for 2007-08=[(5040-4320)/4320*100]%=16.67%
Clearly, the percentage increase over previous year is highest for 2002-03
there is an increase in foreign exchange reserves during the years 1992-
93,1994-951996-97,1997-98 as compared to previous year (as shown by bar graph)
the percentage increase in reserves during these years compared to previous year are
(1) for 1992-93 =[(3720-2640)/2640*100]% =40.91%
(2) for 1994-95=[(3360-2520)/2520*100]%=33.33%
(3) for 1996-97=[(4320-3120)/3120*100]%=38.46%
(4) for 1997-98=[(5040-4320)/4320*100]%=16.67%
Clearly, the percentage increase over previous year is highest for 1992-93.
