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Question
In a factory, the production of cycles rose to 48,400 from 40,000 in 2 years. The rate of growth per annum is ______.
Options
9%
8%
10.5%
10%
MCQ
Fill in the Blanks
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Solution
In a factory, the production of cycles rose to 48,400 from 40,000 in 2 years. The rate of growth per annum is 10.5%.
Explanation:
2 years → 8400
1 year → 4200
∴ `4200/(40,000) xx 100` = 10.5%
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Percentage (Entrance Exam)
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