Multiple Choice Questions on Industrial consumption power doubled from 2000 2001 to 2000 2011 Find the annual rate of increase in........... for CDS Exam Preparation

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Multiple Choice Questions

Industrial consumption power doubled from 2000 2001 to 2000 2011 Find the annual rate of increase in...........

Quantitative Aptitude (CDS) Percentage
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    Industrial consumption power doubled from 2000-2001 to 2000-2011.Find the annual rate of increase in percentage assuming the growth to be uniform all the years?

     

    8.18% increase
     

    Incorrect Answer

    6.77% decrease
     

    Incorrect Answer

    7.5% decrease
     

    Incorrect Answer

    7.17% increase


     

    Correct Answer
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    Explanation:

    A = P (1+r/100)^n
    2 = (1+r/100)^10
    (1+r/100) = 2^1/10
    1+r/100 = 1.071
    r/100 = 0.71
    r = 7.17%

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