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**.