Directions: The following graph gives Sales, Expense and Capital of a company for a period of five years 1994 to 1998. Read the graph and answer the following questions.

Q:

What has been the simple average growth rate per annum of expense between 1994 and 1998?

• 1
  25%
• 2
  33%
• 3
  40%
• 4
  130%