Allied & ICAR Exam Bank • ALLIED_2439 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Data Interpretation

Question Statement:

A line chart shows production index values: 2020 (100), 2021 (110), 2022 (121), 2023 (133.1). The compounded annual growth rate (CAGR) over the 3-year period 2020-2023 is:

Options:

  • (A) 10%
  • (B) 11%
  • (C) 12%
  • (D) 9.5%

Answer Key:

A

Step-by-Step Solution & Explanation

CAGR $= (133.1 / 100)^{1/3} - 1 = (1.331)^{1/3} - 1 = 1.10 - 1 = 0.10 = 10\%$.
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