# Solve the Following Question and Mark the Best Possible Option. in a Factory, the Production of Scooters Rose to 48400 from 40000 in 2 Years. the Rate of Growth per Annum Is: - Mathematics

MCQ

Solve the following question and mark the best possible option.
In a factory, the production of scooters rose to 48400 from 40000 in 2 years. The rate of growth per annum is:

• 20%

• 10%

• 30%

• 8%

#### Solution

Net percentage growth for 2 years

= [(48400 – 40000)/40000] x 100

= 8400/400 = 21%.

Thus, rate of growth per annum is 10%.

Concept: Percentage, Discount and Partnership (Entrance Exam)
Is there an error in this question or solution?