The production of bottles rose to 26000 from 16000 in 2 years. Find the rate of growth per annum.
बोतलों का उत्पादन 2 वर्षों में 16000 से बढ़कर 26000 हो गया। वार्षिक वृद्धि दर ज्ञात कीजिए।
This Question Asked In:
SSC, CGL MAINS 2026
Correct Answer :B - 27.5%
Detailed Text Solution
Let the annual growth rate be r%.
Using compound growth formula:
Final = Initial (1 + r/100)^2
26000 = 16000 (1 + r/100)^2
26000/16000 = (1 + r/100)^2
1.625 = (1 + r/100)^2
Taking square root:
1 + r/100 = √1.625
√1.625 ≈ 1.275
r/100 = 0.275
r = 27.5%
Therefore, the annual growth rate is 27.5%.