A factory increased its production of three wheelers from 80000 in 1999 to 92610 in 2002. Find the annual rate of growth of production of three wheelers.

Explanation

To find the annual rate of growth of production of three-wheelers from 80,000 in 1999 to 92,610 in 2002, we can use the formula for compound growth:

\[ P = P_0 \times (1 + \frac{R}{100})^n \]

Where:
- \( P \) = final amount (production in 2002)
...