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

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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:

Options

  • 20%

  • 10%

  • 30%

  • 8%

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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)
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