Expenses made by a company (in millions) under different heads of expenditures are given below. Study the table carefully and answer the question.

Year	Head of Expenditure
	Raw Materials	Loans & interests	Salary	Miscellaneous	Taxes
2014	452	167	340	56	47
2015	569	174	398	62	56
2016	659	189	409	73	61
2017	706	193	456	77	63
2018	783	203	479	81	69

What was the approximate average expenditure incurred by the company under the head of Taxes from 2014 to 2018?

Correct option is B

Solution:

2014: 47 million
2015: 56 million
2016: 61 million
2017: 63 million
2018: 69 million
Total sum = 47 + 56 + 61 + 63 + 69 = 296 million
Average = Total sum / Number of years
Average = 296 / 5 = 59.2 million
Therefore, the approximate average expenditure incurred by the company under the head of Taxes from 2014 to 2018 is 59 million.