The percentage of growth in exports of five companies in the last four years is presented below. % of…
Company E had the highest cumulative growth from 2019 to 2022. The growth factors are 1.10 × 1.20 × 1.30 = 1.716 for A, 1.15 × 1.15 × 1.30 = 1.71925 for B, 1.05 × 1.30 ×…
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 |
In which of the following companies, is the percentage growth in exports highest from 2019 to 2022
Answer and explanation
Correct answer D
Company E had the highest cumulative growth from 2019 to 2022. The growth factors are 1.10 × 1.20 × 1.30 = 1.716 for A, 1.15 × 1.15 × 1.30 = 1.71925 for B, 1.05 × 1.30 × 1.20 = 1.638 for D and 1.12 × 1.20 × 1.28 = 1.72032 for E. E's factor is the largest.
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