Question : The following bar chart shows the vends of foreign direct investment (FDI) into India from all over the world.
For which year is the percentage increase in FDI over the previous year the highest?
Option 1: 1997
Option 2: 1994
Option 3: 1996
Option 4: 1993
Correct Answer: 1996
Solution :
As per the given graph,
Percentage increase in 1993 = $\frac{10.15-5.7}{5.7}$ × 100 = 78.07%
Percentage increase in 1994 = $\frac{12.16-10.15}{10.15}$ × 100 = 19.8%
Percentage increase in 1995 = $\frac{12.16-10.22}{12.16}$ × 100 = 15.95%
Percentage increase in 1996 = $\frac{24.23-10.22}{10.22}$ × 100 = 137.08%
Percentage increase in 1997 = $\frac{31.36-24.23}{24.23}$ × 100 = 29.42%
So, the percentage increase is the maximum in 1996.
Hence, the correct answer is 1996.
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