Question

A factory increased its production of cars from 80000 in the year 2011-2012 to 92610 in 2014-2015. Find the annual rate of growth of production of cars.

Answer 1

$interest = c \times r \times t \div 100$
92610-80000=12610
12610=80000×r×1/100
r=12610×100/80000
r=126000/80000
r=1.575


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