Question

The production in a factory increased from 6610 tons to 7986 tons in 2 years. Find the rate of increase if compounded annually.

Answer 1

Answer:

it Can be obtained through Compound Interest formula

Explanation:

7986 =6610{(1+R%/100)n-1}

7986 = 6610{(100+R%/100)²-1}

7986/6610=. (100+R)²/10000 -10000

7986/6610= (10000+200R+R²-10000/10000)

7986/6610= (R²+200R/10000)

7986×10000/6610=R²+200R

on Further Factorization u get the rate %