The percentage of growth in exports of five companies in the last four years is presented below. % of…
Company C's exports increased by approximately 119%. The cumulative growth factor is 1.08 × 1.20 × 1.30 × 1.30 = 2.19024. The percentage increase is (2.19024 − 1) × 100 =…
Choose your answer
The percentage of growth in exports of five companies in the last four years is presented below.
% of Growth in Exports (Growth %, by Companies)
% of Growth in Exports (Growth %, by Companies)
| A | B | C | D | E | |
| 2020 | 10 | 15 | 8 | 5 | 12 |
| 2021 | 20 | 15 | 20 | 30 | 20 |
| 2022 | 30 | 30 | 30 | 20 | 28 |
| 2023 | 45 | 38 | 30 | 40 | 42 |
By approximately what percent are the exports of company C for 2023 more than its exports in 2019?
Answer and explanation
Correct answer C
Company C's exports increased by approximately 119%. The cumulative growth factor is 1.08 × 1.20 × 1.30 × 1.30 = 2.19024. The percentage increase is (2.19024 − 1) × 100 = 119.024%, rounding to 119%.
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