1.
Study the following carefully and answer the questions.
For how many number of years the growth rate in ‘Production of Oil’ is more than the growth rate in ‘Total Oil Used’?
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By: anil on 05 May 2019 02.40 am
Total oil used in the year 1996 = 10+700+1794+104 = 2608.
Total oil produced in the year 1996 = 10+700+1794+104+650 = 3258. Similarly, we can calculate for the remaining quantities for both the years. Tabulating the same data, Therefore, growth rate of total oil used in the year 1997 as compared to 1996 = $$dfrac{2914-2608}{2608} imes 100$$ = 11.73%
Therefore, growth rate of total oil produced in the year 1997 as compared to 1996 = $$dfrac{3646-3258}{3258} imes 100$$ = 11.91%
Similarly, we can calculate for the remaining year. Tabulating the same data, From the table we can see that, the growth rate in ‘Production of Oil’ is more than the growth rate in ‘Total Oil Used’ in eight years.
{Year 1996, 1997, 1998, 2003, 2004, 2005, 2006, 2007}. Hence, option D is the correct answer.
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Total oil produced in the year 1996 = 10+700+1794+104+650 = 3258. Similarly, we can calculate for the remaining quantities for both the years. Tabulating the same data, Therefore, growth rate of total oil used in the year 1997 as compared to 1996 = $$dfrac{2914-2608}{2608} imes 100$$ = 11.73%
Therefore, growth rate of total oil produced in the year 1997 as compared to 1996 = $$dfrac{3646-3258}{3258} imes 100$$ = 11.91%
Similarly, we can calculate for the remaining year. Tabulating the same data, From the table we can see that, the growth rate in ‘Production of Oil’ is more than the growth rate in ‘Total Oil Used’ in eight years.
{Year 1996, 1997, 1998, 2003, 2004, 2005, 2006, 2007}. Hence, option D is the correct answer.