What is the average annual growth rate in net profit from 2006-07 to 2010-11?

Question

What is the average annual growth rate in net profit from 2006-07 to 2010-11?

Options:

A . 25%

B . 50%

C . 75%

D . 100%

Answer: Option B
:
B

The actual values for net profit for various years are 3,5,4.8,7 and 9. So the average annual growth rate = $\frac{(9 - 3) \times 100}{3 \times 4}$ = 50%

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