Question

The number of airline passengers increased from 465.6 million in 1990 to 614.3 million in 1998. What was the average annual growth rate (percent) for the 1990-98 period? The number of airline passengers increased from 465.6 million in 1990 to 614.3 million in 1998. What was the average annual growth rate (percent) for the 1990-98 period? @Mathematics

Answer 1

Approximately 31.9%

Answer 2

can you show me how you calculated?

Answer 3

First subtract 465.6 million from 614.3 million and you will get 148.8 million. Now find the percentage of 148.8 million on 465.5 million and you will get around 31.9%.

Answer 4

First subtract 465.6 million from 614.3 million and you will get 148.8 million - that is increased number of passengers for 8 years

Answer 5

yes...

Answer 6

and we need to calculate - average annual growth rate (percent) for the 1990-98 period

Answer 7

annual means yearly
that is for 1 year
so don't we need to divide the difference with 8?

Answer 8

but even then it will be 31.9%

Answer 9

please give me a medal

Answer 10

no
how can it be 31.9% when difference will be divided by 8
average annual increase in number of passengers will be 148.7/8=18.5875
so percent increase will be from 18.5875 millions on 465.6 which equals to 3.99% ~ 4%

Answer 11

pratu u r right but that is one time increase but u need to calculate it for 8 years

Answer 12

definitely u should divide 148.7 by 8 otherwise u will get average increase for 8 years but if u divide by 8 then u will get average annual increase .finally answer is 18.5875 millions