In Country C, the numbers of transactions made by variou
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Anaira Mitch
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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.
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A) # of paper check transactions in 2006: 24Anaira 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.
# of paper check transactions in 2009: 30
% increase = (6/24) * 100 = 25%, so paper check is the correct answer.
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B)Let's say the value of credit card transactions in 2006: 100Anaira 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.
# 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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Anaira Mitch
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Anaira Mitch wrote:@David
Thanks, David. It was helpful.
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.)
