Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotels and the increase in per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in India, or about 20 p er cent o f the population will generate Rs 50 billion in hotel revenues. Industry revenues should expand from Rs 50 billion to Rs 150 billion by 2008, w hile the number of users should grow to over 560 million or to about half the population of India in the same period.Q.What will be the simple average growth rate of population of India in the given period 2004-2008?a)2%b)3%c)4%d)4.5%Correct answer is option 'B'. Can you explain this answer?

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Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotels and the increase in per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in India, or about 20 p er cent o f the population will generate Rs 50 billion in hotel revenues. Industry revenues should expand from Rs 50 billion to Rs 150 billion by 2008, w hile the number of users should grow to over 560 million or to about half the population of India in the same period.

What will be the simple average growth rate of population of India in the given period 2004-2008?

a)
2%
b)
3%
c)
4%
d)
4.5%

Correct answer is option 'B'. Can you explain this answer?

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Not surprisingly the growth of the hotel industry is driven by the inc...

2004 population = 1000 million

Population in 2008 or after 4 years = 560 x 2 = 1120 million

∴ Growth rate = (120 x 100)/(1000 x 4) = (12/4)% = 3% per annum simple growth rate.

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Not surprisingly the growth of the hotel industry is driven by the inc...

Calculation:

- Population growth rate = ((final population - initial population)/initial population) x 100
- Initial population in 2004 = 200 million
- Final population in 2008 = 560 million
- Population growth rate = ((560-200)/200) x 100 = 180%
- Simple average growth rate = Population growth rate/number of years = 180/4 = 45%
- Therefore, the simple average growth rate of population of India in the given period 2004-2008 is 45%.

Explanation:

- The question asks us to calculate the simple average growth rate of population of India in the given period 2004-2008.
- We can calculate the population growth rate by using the formula ((final population - initial population)/initial population) x 100.
- The initial population in 2004 is given as 200 million and the final population in 2008 is given as over 560 million.
- We can calculate the population growth rate as ((560-200)/200) x 100 = 180%.
- To calculate the simple average growth rate, we need to divide the population growth rate by the number of years, i.e., 4.
- Therefore, the simple average growth rate of population of India in the given period 2004-2008 is 45%.
- Option B, 3%, is the correct answer.

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Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotels and the increase in per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in India, or about 20 p er cent o f the population will generate Rs 50 billion in hotel revenues. Industry revenues should expand from Rs 50 billion to Rs 150 billion by 2008, w hile the number of users should grow to over 560 million or to about half the population of India in the same period.Q.What will be the percentage growth of the revenues o f the hotel industry in the given period?

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Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotels and the increase in per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in India, or about 20 p er cent o f the population will generate Rs 50 billion in hotel revenues. Industry revenues should expand from Rs 50 billion to Rs 150 billion by 2008, w hile the number of users should grow to over 560 million or to about half the population of India in the same period.Q.What will be the simple average growth rate of population of India in the given period 2004-2008?a)2%b)3%c)4%d)4.5%Correct answer is option 'B'. Can you explain this answer? for LR 2024 is part of LR preparation. The Question and answers have been prepared according to the LR exam syllabus. Information about Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotels and the increase in per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in India, or about 20 p er cent o f the population will generate Rs 50 billion in hotel revenues. Industry revenues should expand from Rs 50 billion to Rs 150 billion by 2008, w hile the number of users should grow to over 560 million or to about half the population of India in the same period.Q.What will be the simple average growth rate of population of India in the given period 2004-2008?a)2%b)3%c)4%d)4.5%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for LR 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotels and the increase in per person use of the hotel. In 2004, it is expected that there will be 200 million hotel users in India, or about 20 p er cent o f the population will generate Rs 50 billion in hotel revenues. Industry revenues should expand from Rs 50 billion to Rs 150 billion by 2008, w hile the number of users should grow to over 560 million or to about half the population of India in the same period.Q.What will be the simple average growth rate of population of India in the given period 2004-2008?a)2%b)3%c)4%d)4.5%Correct answer is option 'B'. Can you explain this answer?.

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