Question

The production of scooters rose to 48,400 from 40,000. If rate of growth is 10%, then the time required is

• A. 4 years
• B. 3 years
• C. 2 years
• D. 5 years

Answer 1

The correct option is C 2 years

Production of scooters rose to 48400 from 40000

Rate of growth is 10%

so in first year growth will be$=(40000+\frac{10}{100}\times 40000)$

$=44000$ scooters

inthe second year growth will be$=(44000+\frac{10}{100}\times 44000)$

$48400$ scooters

Time required for the growth from 40000 to 48400 is 2 years