The average per‑capita rural income in 2010‑11 was Rs. 1,600 and increased to Rs. 1,900 in 2015‑16. During this period, the rural population grew from 1.0 billion to 1.05 billion. What is the percentage increase in total rural income between 2010‑11 and 2015‑16?
Answer
24.69%
The correct answer is 24.69% — Answer is 24.69%.
Step-by-step solution
- Compute total income 2010‑11: 1,600 × 1,000,000,000 = 1.6×10^12 Rs.
- Compute total income 2015‑16: 1,900 × 1,050,000,000 = 1.995×10^12 Rs.
- Find increase: 1.995×10^12 − 1.6×10^12 = 0.395×10^12 Rs.
- Calculate percentage increase: (0.395×10^12 / 1.6×10^12) ×100 = 24.6875%. Round to two decimal places: 24.69%.
- Answer is 24.69%.
Common mistake: Using per‑capita growth instead of total income growth
Concept tested: Change in total rural income
Published · How this solution was prepared and checked
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