Question

Question No. 11
Question:-
It is very known fact the growth of hotels is driven by the increase in the number of people that are using the
hotels and an increase in per person use of the hotel. In 2014, it is expected that there will 20 crore hotel
users in Spain or about 20 % of the population will generate Rs. 50 billion as hotel revenues. It is also
believed that the revenues in the industry should expand from Rs. 50 billion to Rs. 150 billion by 2018, while
the number of users should grow to over 56 crores or to about half the population of Spain in the same
duration. What will be the average growth rate of the population of Spain from the given period 2014 - 2018?
Choices:-
о O
2.5%
3%
3.6%
4%
Save Answer
Skip this question
Finish Exam​

Answer 1

Answer:

it is 3.6 percentage of population of Spain between 2014 -2018. may be

Answer 2

Answer:

The average growth rate of the population of Spain from the given period 2014 - 2018 is 3%

Step-by-step explanation:

According to the information given in the question,

there will be 200 million hotel users in Spain or about 20% of the population.

therefore 20% of (Population of Spain in 2014)=200 million

(Population of Spain in 2014) = 200/0.2 = 1000 million

the number of users should grow to over 560 million or to about half the population of Spain in the same period

50% of (the population of Spain in 2018)=560 million

(population of Spain in 2018) = 1120 million

% population growth in Spain over the period 2014 to 2018

= $\frac{1120-1000}{1000*4}$×100

= (120×100)/1000×4

= 12/4%

= 3%

therefore average growth rate of the population of Spain from the given period 2014 - 2018 is 3%