There is a constant growth rate (in %) every year in the production of a company as seen the given table.
| Year | 2018 | 2019 | 2020 |
| Production(in units) | 9000 | 10,800 | X |
Find the value of 'X' from the data given in the table.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 12960.
Growth rate in production from 2018 to 2019 = [(10800 - 9000)/9000] × 100 = (1800/9000) × 100 = 20%
So, the production will increase at a 20% rate from 2019 to 2020.
Then, X = 10800 × (120/100) = 12960