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In a factory, the production of scooters rose to 48400 from 40000 in 2 years. The rate of growth per annum is
20%
10%
30%
8%
Net percentage growth for 2 years = [(48400 – 40000)/40000]×100 = 8400/400 = 21% Thus, rate of growth per annum is 10% compounded. Hence, option 2 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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