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Sarvesh factory kept increasing its outp...

Sarvesh factory kept increasing its output by the same `%` every year. Find the `%` if it is known that his output is doubled after `2` years.

A

`100sqrt(2)%`

B

`100(sqrt(2)-1)%`

C

`100(sqrt(2)+1)%`

D

`50(sqrt(2)+1)%`

Text Solution

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The correct Answer is:
To find the percentage increase in output per year for Sarvesh's factory, we can use the concept of compound interest. Here's the step-by-step solution: ### Step-by-Step Solution: 1. **Understanding the Problem**: We know that the output of the factory doubles in 2 years. This means if the initial output is represented as \( P \), after 2 years it becomes \( 2P \). 2. **Using the Compound Interest Formula**: The formula for compound interest is: \[ A = P \left(1 + \frac{R}{100}\right)^n \] Where: - \( A \) is the amount after time \( n \), - \( P \) is the principal amount (initial output), - \( R \) is the rate of interest (percentage increase), - \( n \) is the number of years. In our case: - \( A = 2P \) (since the output doubles), - \( P = P \), - \( n = 2 \). 3. **Setting Up the Equation**: Plugging the values into the formula, we get: \[ 2P = P \left(1 + \frac{R}{100}\right)^2 \] 4. **Simplifying the Equation**: We can divide both sides by \( P \) (assuming \( P \neq 0 \)): \[ 2 = \left(1 + \frac{R}{100}\right)^2 \] 5. **Taking the Square Root**: To eliminate the square, we take the square root of both sides: \[ \sqrt{2} = 1 + \frac{R}{100} \] 6. **Isolating \( R \)**: Rearranging the equation to solve for \( R \): \[ \frac{R}{100} = \sqrt{2} - 1 \] \[ R = 100 \left(\sqrt{2} - 1\right) \] 7. **Calculating the Value of \( R \)**: Now we can calculate \( R \): - First, find \( \sqrt{2} \) which is approximately \( 1.414 \). - Therefore, \( \sqrt{2} - 1 \approx 0.414 \). - Now, multiply by 100: \[ R \approx 100 \times 0.414 \approx 41.4 \] 8. **Conclusion**: The percentage increase in output per year is approximately \( 41.4\% \).
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