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In Country C, the numbers of transactions made by variou

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Anaira Mitch Master | Next Rank: 500 Posts
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In Country C, the numbers of transactions made by variou

Post Sun Aug 20, 2017 1:00 am
In Country C, the numbers of transactions made by various noncash methods in 2006 and 2009 are shown in the graphic. All other transactions were made with cash.Use the drop-down menus to complete the statements about Country C so that they are consistent with the given information.
ttps://postimg.org/image/fw2yhu76d/" target="_blank">

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Post Sun Aug 20, 2017 6:18 am
Anaira Mitch wrote:
@David
Thanks, David. It was helpful.
Smile Also, a friendly reminder that, while you could always estimate, the on-screen calculator can be useful in questions like this. (It's very easy to forget that the calculator is an option in IR.)

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Anaira Mitch Master | Next Rank: 500 Posts
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Post Sun Aug 20, 2017 4:05 am
@David
Thanks, David. It was helpful.

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Post Sun Aug 20, 2017 3:37 am
Anaira Mitch wrote:
In Country C, the numbers of transactions made by various noncash methods in 2006 and 2009 are shown in the graphic. All other transactions were made with cash.Use the drop-down menus to complete the statements about Country C so that they are consistent with the given information.
ttps://postimg.org/image/fw2yhu76d/" target="_blank">
B)Let's say the value of credit card transactions in 2006: 100
# credit card transactions = 22
Avg value = 100/22 = 4.55

If value goes up 10%, then value of credit card transactions in 2009: 110
# transactions = 20
Avg value = 110/20 = 5.5

% increase = (.95/4.55)*100 = 20.9%. Round up to 21%.

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Post Sun Aug 20, 2017 3:36 am
Anaira Mitch wrote:
In Country C, the numbers of transactions made by various noncash methods in 2006 and 2009 are shown in the graphic. All other transactions were made with cash.Use the drop-down menus to complete the statements about Country C so that they are consistent with the given information.
ttps://postimg.org/image/fw2yhu76d/" target="_blank">
A) # of paper check transactions in 2006: 24
# of paper check transactions in 2009: 30
% increase = (6/24) * 100 = 25%, so paper check is the correct answer.

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