Industrial consumption of power doubled from 2000-2001 to 2010-2011. Find the annual rate of increase in percent assuming it to be uniform over the years.
7.2
This problem requires us to determine the uniform annual rate at which industrial power consumption increased. We are given that the consumption doubled over a specific period of 10 years.
When a quantity, such as industrial power consumption, grows at a constant annual rate, it follows the principle of compound growth. This means that the increase each year is calculated on the accumulated amount from the previous year, not just on the initial amount. The standard formula for compound growth is:
\[ A = P(1 + r)^n \]
Let's extract the crucial information provided in the question to solve for the annual rate of increase:
Now, we will substitute these known values into our compound growth formula:
\[ A = P(1 + r)^n \]
Since \(A = 2P\) and \(n = 10\), our equation becomes:
\[ 2P = P(1 + r)^{10} \]
To simplify, we can divide both sides of the equation by \(P\), assuming \(P\) is not zero:
\[ 2 = (1 + r)^{10} \]
To find the value of \((1 + r)\), we need to take the 10th root of both sides of the equation:
\[ 1 + r = 2^{(1/10)} \]
Next, we calculate the numerical value of \(2^{(1/10)}\):
\[ 2^{(1/10)} \approx 1.071773 \]
Now, we can solve for \(r\):
\[ r = 1.071773 - 1 \]
\[ r \approx 0.071773 \]
To express this annual rate as a percentage, we multiply it by 100:
\[ \text{Annual Rate of Increase (in percent)} = r \times 100\% \]
\[ \text{Annual Rate of Increase} \approx 0.071773 \times 100\% \]
\[ \text{Annual Rate of Increase} \approx 7.1773\% \]
Rounding this value to one decimal place, which is common for percentage rates, we get:
\[ \text{Annual Rate of Increase} \approx 7.2\% \]
Based on the calculations, the uniform annual rate of increase in industrial power consumption, which doubled over a period of 10 years, is approximately 7.2%.
The number of digits you have to type to write all the page numbers of a book starting from I (first page) is 2019. What is the number of pages in that book?
Two fair dice are thrown. The number of cases where the number appearing on the upper face of the first die is not less than that on the lower face of the second die is
The number of Hens, Ducks, and Goats in farm P are 65, 91 and 169, respectively. The total number of Hens, Ducks and Goats in a nearby farm Q is 416. The ratio of hens : ducks : goats in farm Q is 5 : 14 : 13. All the hens, ducks and goats are sent from farm Q to farm P.
The new ratio of hens : ducks : goats in farm P is ____________.
A person divided an amount of Rs. 100,000 into two parts and invested in two different schemes. In one he got 10% profit and in the other he got 12%. If the profit percentages are interchanged with these investments he would have got Rs.120 less. Find the ratio between his investments in the two schemes.
S, M, E and F are working in shifts in a team to finish a project. M works with twice the efficiency of others but for half as many days as E worked. S and M have 6 hour shifts in a day, whereas E and F have 12 hours shifts. What is the ratio of contribution of M to contribution of E in the project?