Question

A factory increased its production of three wheelers from 80000 in 1999 to 92610 in 2002. Find the annual rate of growth of production of three wheelers.​

Answer 1

Answer:

The annual rate of growth of production is 5% per annum.

Step-by-step explanation:

Let the annual rate of growth be R% per annum.

Then,

$92610 = 80000 \: (1 + \frac{R}{100} ) ^{3} \\ \\ ⟹ \: \frac{92610}{80000} = (1 + \frac{R}{100} ) \\ \\ ⟹( \frac{21}{20} ) ^{3} = (1 + \frac{R}{100} ) \\ \\ ⟹ \frac{21}{20} = 1 + \frac{R}{100} \\ \\ ⟹ \frac{1}{20} = \frac{R}{100} \\ \\ ⟹ R= 5$

Hence, the annual rate of growth of production is 5% per annum.

Answer 2

Answer:

the annual rate of growth of production is 5% per annum.

Step-by-step explanation: