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Question : The following data gives a year-wise outlay (in lakhs of rupees) in a certain 4-year plan (2018-2022) of a state.

Year Health Housing Transport Education
2018-2019 6200 6500 7100 8000
2019-2020 7000 6600 7200 8100
2020-2021 7300 6800 7400 8200
2021-2022 7400 7000 7500 8400

What was the percentage increase during 2020-2021 over 2018-2019 in Education outlay?

Option 1: 2.8%

Option 2: 3.2%

Option 3: 2.0%

Option 4: 2.5%


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: 2.5%


Solution : The percentage increase in Education outlay during 2020-2021 over 2018-2019 can be calculated using the formula:
$\text{Percentage Increase} = \frac{\text{Final Value} - \text{Initial Value}}{\text{Initial Value}} \times 100$
From the table, the Education outlay for 2018-2019 is 8000 lakhs of rupees and for 2020-2021 is 8200 lakhs of rupees.
Substituting these values into the formula,
$\text{Percentage Increase} = \frac{8200 - 8000}{8000} \times 100$
This simplifies to:
$\text{Percentage Increase} = \frac{200}{8000} \times 100 = 2.5\%$
Hence, the correct answer is 2.5%.

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