Which of the following recorded the highest growth rate in manufacturing units from the year 2021 to the year 2022?
Plant Units manufactured in 2021 Units manufactured in 2022
A 150 175
B 225 269
C 300 315
D 130 169
E 150 172
- AD
- BA
- CB
- DE
Solution & Step-by-step Explanation
Let's calculate the percentage growth rate for each plant using the formula:
Growth Rate %=
Value
2021
Value
2022
−Value
2021
×100
Plant A:
150
175−150
×100=
150
25
×100≈16.67%
Plant B:
225
269−225
×100=
225
44
×100≈19.56%
Plant C:
300
315−300
×100=
300
15
×100=5%
Plant D:
130
169−130
×100=
130
39
×100=30%
Plant E:
150
172−150
×100=
150
22
×100≈14.67%
Comparing the growth rates, Plant D recorded the highest growth rate (30%).
Growth Rate %=
Value
2021
Value
2022
−Value
2021
×100
Plant A:
150
175−150
×100=
150
25
×100≈16.67%
Plant B:
225
269−225
×100=
225
44
×100≈19.56%
Plant C:
300
315−300
×100=
300
15
×100=5%
Plant D:
130
169−130
×100=
130
39
×100=30%
Plant E:
150
172−150
×100=
150
22
×100≈14.67%
Comparing the growth rates, Plant D recorded the highest growth rate (30%).