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Find the average increase rate if increa...

Find the average increase rate if increase in the population in the first year is 30% and that in the second year is 40%.

A

41

B

56

C

40

D

38

Text Solution

AI Generated Solution

The correct Answer is:
To find the average increase rate of the population over two years, given that the increase in the first year is 30% and in the second year is 40%, we can follow these steps: ### Step 1: Understand the formula for average increase rate To find the average increase rate when dealing with percentages over multiple years, we can use the formula: \[ \text{Average Increase Rate} = \frac{A + B + \frac{A \times B}{100}}{n} \] where \(A\) is the percentage increase in the first year, \(B\) is the percentage increase in the second year, and \(n\) is the number of years. ### Step 2: Substitute the values into the formula Here, \(A = 30\%\) and \(B = 40\%\). We have: \[ \text{Average Increase Rate} = \frac{30 + 40 + \frac{30 \times 40}{100}}{2} \] ### Step 3: Calculate the product of the percentages Now, calculate \(30 \times 40\): \[ 30 \times 40 = 1200 \] Then divide by 100: \[ \frac{1200}{100} = 12 \] ### Step 4: Add the values together Now, substitute back into the formula: \[ \text{Average Increase Rate} = \frac{30 + 40 + 12}{2} \] Calculating the sum: \[ 30 + 40 + 12 = 82 \] ### Step 5: Divide by the number of years Now, divide by the number of years (which is 2): \[ \text{Average Increase Rate} = \frac{82}{2} = 41 \] ### Final Answer The average increase rate over the two years is **41%**.
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