a factory increased its production of cars from 80000 in the year 2016 _ 2017 to 92610 in 2019 _2020 . find the annul rate of growth of production of cars.
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V = 92610
Vo = 80000
V = Vo(1+r/100)^n
92610 = 80000(1+r/100)^3
92610/80000 = (1+r/100)^3
(21/20)^3 = 1+r/100
21/20-1 = r/100
21-20/20 = r/100
1/20 = r/100
100/20 = r
=5% per annum =rate
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Vo = 80000
V = Vo(1+r/100)^n
92610 = 80000(1+r/100)^3
92610/80000 = (1+r/100)^3
(21/20)^3 = 1+r/100
21/20-1 = r/100
21-20/20 = r/100
1/20 = r/100
100/20 = r
=5% per annum =rate
Mark me as your friend
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