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The ratio of investment in 1997 to the average investment is:
Answer & Solution
Correct Answer:
Option
A
Average investment
= $$\frac{31.36+24.23+10.22+20.16+10.15+5.7}{6}$$
= $$\frac{101.82}{6}$$
= 16.97
Then ratio of average investment to year 1997
$$\eqalign{ & = \frac{31.36}{16.97} \cr & \approx \frac{2}{1} \cr & = 2:1 \cr} $$
= $$\frac{31.36+24.23+10.22+20.16+10.15+5.7}{6}$$
= $$\frac{101.82}{6}$$
= 16.97
Then ratio of average investment to year 1997
$$\eqalign{ & = \frac{31.36}{16.97} \cr & \approx \frac{2}{1} \cr & = 2:1 \cr} $$
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