Annual increase

The number of cars produced increased from 45,000 to 47,000 in 3 years. Calculate the average annual increase in cars in%.

Correct answer:

p =  1.4601 %

Step-by-step explanation:

t=3 a=45000 b=47000  b=a qt  q=3b/a=347000/450001.0146  q=1+p/100  p=100 (q1)=100 (1.01461)=1.4601%

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