Question
If the health expenditure in 2005 is 198000 cr, then the annual increase in the period 2001 to 2005 is nearest to ?
Answer: Option C
:
C
CAGR = (Final valueinitial value)1/n−1, here n = 4
Here (Final valueinitial 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
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:
C
CAGR = (Final valueinitial value)1/n−1, here n = 4
Here (Final valueinitial 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=(1.254×1.254)=(15.6×15.6)≈2.4. Thus this is the correct answer
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