Answer the question of tourism

Business/Management

ScanSolve AI Answer

Answer

1500 million dollars

Step 1: Percentage increase in tourism revenue from 2020 to 2021.

Formula:
Percentage increase=revenue2021revenue2020revenue2020×100%\text{Percentage increase} = \frac{revenue_{2021} - revenue_{2020}}{revenue_{2020}} \times 100\%

Substitute revenue2020=1200_{2020} = 1200 million dollars, revenue2021=1500_{2021} = 1500 million dollars:
150012001200×100%=3001200×100%=0.25×100%=25%\frac{1500 - 1200}{1200} \times 100\% = \frac{300}{1200} \times 100\% = 0.25 \times 100\% = 25\%

25%

Step 2: Total tourism revenue from 2020 to 2022.

Formula:
Total revenue=revenue2020+revenue2021+revenue2022\text{Total revenue} = revenue_{2020} + revenue_{2021} + revenue_{2022}

Substitute revenue2020=1200_{2020} = 1200 million dollars, revenue2021=1500_{2021} = 1500 million dollars, revenue2022=1800_{2022} = 1800 million dollars:
1200+1500+1800=45001200 + 1500 + 1800 = 4500 million dollars

4500 million dollars

Step 3: Average annual tourism revenue from 2020 to 2022.

Formula:
Average revenue=totalrevenue3\text{Average revenue} = \frac{total revenue}{3}

Substitute total revenue = 4500 million dollars:
45003=1500\frac{4500}{3} = 1500 million dollars

1500 million dollars

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