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In a factory the production of scooters ...

In a factory the production of scooters rose to 48400 from 40000 in 2 years. Find the rate of growth per annum.

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To find the rate of growth per annum given that the production of scooters rose from 40,000 to 48,400 in 2 years, we can use the formula for compound interest. ### Step-by-Step Solution: 1. **Identify the values:** - Principal (P) = 40,000 - Amount (A) = 48,400 - Time (T) = 2 years ...
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