Q6 of 89 Page 14

In a factory the production of scooters rose to 46305 from 40000 in 3 years. Find the annual rate of growth of the production of scooters.

Given,


Initial production of scooters = 40000


Final production of scooters = 46305


Time duration = 3 years


Let annual growth rate = R%


So,


=


=


=


=


=


Hence,


Annual growth rate of production of scooters = 5 %


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