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Directions for the following four questions: Answer the following questions based on the information given below: The bar chart below shows the revenue received in million US Dollars (USD), from subscribers to a particular Internet service. The data covers the period 2003 to 2007 for the United States (US) and Europe. The bar chart also shows the estimated revenues from subscription to this service for the period 2008 to 2010.
The Y axis represents the subscription revenue in Million (USD) and the X axis represents the years.
The difference between the estimated subscription in Europe in 2008 and what it would have been if it were computed using the percentage growth rate of 2007 (over 2006), is closest to:
Percentage increase from 2006 to 2007 is 120/3.8 = 31.5%. approximately
Now if the same % increase is considered over period 2007-2008, we get . 31.5 * 500 = x-500.
X is 657 approximately.
So ,the difference between the estimated subscription in Europe in 2008 and what it would have been if it were computed using the percentage growth rate of 2007 (over 2006), is closest to: 657-600 = 57. Hence option A.
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