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What is the % growth in the total production from 2018 to 2021?
What is the % growth in the total production from 2018 to 2021?
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Use the stated values $100$ for $2018$ and $147$ for $2021$. Compare the increase with the $2018$ value, not with the final value.
Updated On: Aug 18, 2026
- 40
- 53
- 47
- 60
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The Correct Option is B
Solution and Explanation
Concept:
Step 1: Form the growth factor.
$\dfrac{147}{100}=1.47$.
Step 2: Isolate the growth part.
$1.47-1=0.47$.
Step 3: Express it as a percentage.
$0.47=47\%$.
Final Answer: $47\%$
- A growth factor is final value divided by initial value.
- Subtracting $1$ from that factor gives the fractional growth.
Step 1: Form the growth factor.
$\dfrac{147}{100}=1.47$.
Step 2: Isolate the growth part.
$1.47-1=0.47$.
Step 3: Express it as a percentage.
$0.47=47\%$.
Final Answer: $47\%$
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