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A factory kept increasing its output by the same percentage every year. Find the percentage it is known that the output has doubled in the last two years.

Aniket Singh , 5 Months ago
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Askiitians Tutor Team

Last Activity: 5 Months ago

To solve the problem, let us calculate the annual percentage increase in the factory's output, given that the output doubles in 2 years.

### Let the annual percentage increase be `r%` (expressed as a decimal `r/100`).

The factory's output increases geometrically because the percentage increase is the same every year. The relationship between the output after 2 years and the initial output can be expressed as:

Output after 2 years = (Output initially) × (1 + r/100)^2

It is given that the output doubles in 2 years. Thus:

2 = (1 + r/100)^2

### Step 1: Solve for `(1 + r/100)`

Taking the square root of both sides:

√2 = 1 + r/100

The approximate value of √2 is 1.414, so:

1.414 = 1 + r/100

### Step 2: Solve for `r`

r/100 = 1.414 - 1
r/100 = 0.414

Multiplying both sides by 100:

r = 41.4

### Final Answer:

The factory's output increases by **41.4% per year**.

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