The total number of industries in a particular portion of the country is approximately 1,600.If the government has decided to increase the number of industries in the area by 20% every year.Find the approximate number of industries after 2 years.

Open in App

Solution

Original number of industries=1600
Increment every year=20%
Number of industries after 2 years
= Original number of industries ${(1 + \frac{r}{100})}^{n}$
$= 1600 {(1 + \frac{20}{100})}^{2}$
$= 1600 \frac{120}{100} \times \frac{120}{100} = 2304$

Suggest Corrections

Similar questions

Q. Due to the policies introduced by the government in the mining industries, the production of iron ore has recorded a rapid increase in the past few years.

Q. A shepherd has 200 sheep with him. Find the number of sheeps with him after 3 years if the increase in number of sheeps is 8% every year.

Government allocates forest lands to industries to use forest materials as industrial raw materials. Twelve years after setting up a paper mill in Uttar Kanara area, bamboo has been wiped out from that area. Even if a paper mill employs thousands of workers, but if they deprive the daily needs of a million people, is it acceptable? What do you think?

Q. To protect certain fledgling industries, the government of country Z banned imports of the types of products those industries were starting to make. As a direct result, the cost of those products to the buyers, several export-dependent industries in Z, went up, sharply limiting the ability of those industries to compete effectively in their export markets.

Which of the following conclusions about country Z's adversely affected export-dependent industries is best supported by the passage?

Q. 315 people reside in a country out of which only 36% currently have a passport. Of these passport-holding individuals, 8% travel internationally every-year. Of those who travel internationally every year, approximately 10% visit European Countries. Find the number of U.S. residents visiting European Countries every year.

Join BYJU'S Learning Program

The total number of industries in a particular portion of the country is approximately 1,600.If the government has decided to increase the number of industries in the area by 20% every year.Find the approximate number of industries after 2 years.

Original number of industries=1600Increment every year=20%Number of industries after 2 years = Original number of industries (1+r100)n=1600(1+20100)2=1600120100×120100=2304

Original number of industries=1600
Increment every year=20%
Number of industries after 2 years
= Original number of industries ${(1 + \frac{r}{100})}^{n}$
$= 1600 {(1 + \frac{20}{100})}^{2}$
$= 1600 \frac{120}{100} \times \frac{120}{100} = 2304$