Instructions
Answer the questions based on the following information. The first table gives the percentage of students in MBA class, who sought employment in the areas of finance, marketing and software. The second table gives the average starting salaries of the students per month, (rupees in thousands) in these areas. The third table gives the number of students who passed out in each year.
Table 1:
Table 2:
Table 3:
Question 73
The average annual rate at which the initial salary offered in software increases is
Solution
Total increase in 4 years = 8640 - 5290 = 3350
% increase = $$\frac{3350}{8640}$$ = 63.3%
Average per-year growth = 63.3/4 = 15.9%
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