Question

The local government of a state has fixed that a certain percentage of villages, at the beginningof cach year will be provided with TV sets in their community centres. The number of TV setsprovided increased from 2500 in 2011 to 2601 in 2013 calculate the rate of growth of TV sets in villages in the state,
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Answer 1

Answer:

Rate of growth of TV sets in villages in the State =2% if TV sets provided increased from 2500 in 2011 to 2601 in 2013

Step-by-step explanation:

TV sets provided in year 2011 = 2500

TV sets provided in year 2013 = 2601

Increase in TV sets in 2 years = 2603 - 2500 = 101

Let's say rate of growth of TV sets in villages in the state = R

=> 2601 = 2500 (1+R/100)²

=> (1+R/100)² = 2601/2500

=> 1+R/100 = 51/50

=> R/100 = 51/50-1

=> R/100 = 1/50

=> R = 2