Question

if industrial production increased 3 percent in first year ,4 percent in second year and 5 percent in thord year , what is average annual increase for the three years?​

Answer 1

Answer:

4 percent is the average annual incrase.

Explanation:

we add all the three increases in percentage as

3+4+5 and then divide the sum (i.e 12 in this case) by the number of years (i.e 3 in this case) to get the average annual incrase 3+4+5/3 = 12/3= 4