Study the following tables carefully and answer the questions given below:
Number of people taking fresh loans from different Banks over the years and the percentage of defaulters amongst them each year
Number of people taking fresh loans from different banks over the year
NUMBER
Approximate Percentage of defaulters amongst them each year
PERCENTAGE
In which of the following years was the difference in number of people taking loan from Bank P from the previous year the highest ?
Solution
Number of people who took loans from bank P increased in 2004-05 and 2007-08
Now, % increase in 2004-05 = $$\frac{27361}{32081} \times 100$$
$$\approx \frac{5000}{32000} \times 100 = 15.6 \%$$
% increase in 2007-08 = $$\frac{23654}{36125} \times 100$$
$$\approx \frac{13000}{36000} \times 100 = 36.1 \%$$
$$\therefore$$ Difference in number of people taking loan from Bank P from the previous year is the highest in = 2008
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