Production of a factory grows at a 8 % p.a. What will be its production (In lakh tonnes ) for year 2

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6.Interest

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The production of a factory grows at a $8 \%$ $p.a.$ What will be its production (In $lakh tonnes$) for the year $2010$ , if its production in $2008$ was $70$ lakh tonnes?

A

$63.48$

B

$81.648$

C

$81$

D

$80.68$

Solution

The production in factory in 2008 was Rs. 70 lakh tonnes The production after 2 years would becomes:

$\Rightarrow P\left(1+\frac{R}{100}\right)^{2} \Rightarrow 70 \operatorname{Lakh}\left[1+\frac{8}{100}\right]^{2}$

$\Rightarrow 70 Lakh \left(1+\frac{2}{25}\right)^{2}=81.648 lakh$ tonnes

Standard 13

Quantitative Aptitude

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