If the health expenditure in 2005 is 198000 cr, then the annual increase in the

Question

If the health expenditure in 2005 is 198000 cr, then the annual increase in the period 2001 to 2005 is nearest to ?

Options:

A . 15 %

B . 20 %

C . 25 %

D . 30 %

Answer: Option C
:
C
CAGR =

{(\frac{Final value}{initial value})}^{1 / n} - 1

, here n = 4
Here

(\frac{Final value}{initial value})

= 2.544
Going from answer options
Assuming a middle answer option= 25%
Then

(1.25)^{4}

should give us something close to 2.5 if it is the correct answer option

(1.25)^{4} = ({1.25}^{4} \times {1.25}^{4}) = (15.6 \times 15.6) \approx 2.4.

Thus this is the correct answer

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