Question

The production of cycles rose to 48,400 from 40,000 in 2 years. The rate of growth per annum is

Answer 1

in two year rate increases by Rs 8,400 so in 1 year ..Rs.4,200So rate growth per annum is Rs 4,200

Answer 2

P=40000
T=2
A=48000
SI=A-P
SI=48400-40000=8400
R=(SI×100)/(P×T)
R=(8400×100)/(40000×2)
R=840000/80000=10.5%(ANSWER)

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