Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Instructions
The table given below gives the annual details of loans from rural banks and agricultural loans over the years 1970 to 1983. Using this data answer the questions that follow.
Question 29
If the consumer price index for 1970 is to be taken as 105 and the indices for the subsequent years are to be corrected accordingly, by roughly how many points do the indices for 1983 and 1975 differ?
Solution
Difference between CPI of 1983 and 1975 = 149 - 78 = 71
If CPI of 1970, which is 43, is changed to 105, then the value of 71 changes to $$\frac{105}{43}*71$$ = 174
Create a FREE account and get:
- All Quant CAT complete Formulas and shortcuts PDF
- 35+ CAT previous year papers with video solutions PDF
- 5000+ Topic-wise Previous year CAT Solved Questions for Free
CAT Quant Questions | CAT Quantitative Ability
CAT Remainders QuestionsCAT Arithmetic QuestionsCAT Venn Diagrams QuestionsCAT Number Systems QuestionsCAT Averages Mixtures Alligations Questions
CAT DILR Questions | LRDI Questions For CAT
CAT Data Interpretation Basics QuestionsCAT Data Interpretation QuestionsCAT Venn Diagrams QuestionsCAT Table with Missing values QuestionsCAT Games and Tournamnents Questions
