Question

In a factory, the production of scooters rose from 20000 to 26620 in 3 years. Find the rate of growth
per annum.​

Answer 1

Answer:

11.03%

Step-by-step explanation:

Original production of scooters=20000

Increased production of scooters=26620

Amount of time needed for increase in production= 3 years

Difference in the production,

=>26620 -20000

=6620

Now 1 % of 20000 is 200

So, 6620÷200= 33.1%

We know, Time needed for production increase is 3 years

So, 33.1%÷3= 11.033%

Therefore, the rate of growth per annum is 11.033%