Question

Solve the following question and mark the best possible option.
In a factory, the production of scooters rose to 48400 from 40000 in 2 years. The rate of growth per annum is:

Options

• 20%

• 10%

• 30%

• 8%

Answer 1

Net percentage growth for 2 years

= `[(48400 – 40000)/40000]` x 100

= `8400/400` = 21%.

Thus, rate of growth per annum is 10%.