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The population of a town increases every year by 4%. If its present population is 50,000, then after 2 years it will be
- a)40000
- b)54080
- c)40200
- d)None
- e)All of the above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The population of a town increases every year by 4%. If its present po...
Present population is 50,000. It has been increasing by 4%.
So, after 1 year, population
After 2 years, population
So, after 1 year, population
After 2 years, population
Most Upvoted Answer
The population of a town increases every year by 4%. If its present po...
The correct Answer is Option (D)
= 37500*(1+4/100)(1+4/100)
= 37500 * 104/100 * 104/100
= 37500 * 26/25 * 26/25
= 37500 * 676/625
= 676 * 60
= 40560 (ANSWER)
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Community Answer
The population of a town increases every year by 4%. If its present po...
Given information:
- Population of a town at present = 37500
- Rate of increase in population per annum = 4%
To find:
- Population of the town after 2 years
Solution:
We can use the formula for compound interest to find the population after 2 years:
A = P(1 + r/100)^n
where,
A = final amount (population after 2 years)
P = initial amount (population at present)
r = rate of increase per annum
n = time period (in years)
Substituting the given values, we get:
A = 37500(1 + 4/100)^2
A = 37500(1.04)^2
A = 37500(1.0816)
A = 40560
Therefore, the population of the town after 2 years will be 40560.
Answer:
Option (B) 40560 is the correct answer.
- Population of a town at present = 37500
- Rate of increase in population per annum = 4%
To find:
- Population of the town after 2 years
Solution:
We can use the formula for compound interest to find the population after 2 years:
A = P(1 + r/100)^n
where,
A = final amount (population after 2 years)
P = initial amount (population at present)
r = rate of increase per annum
n = time period (in years)
Substituting the given values, we get:
A = 37500(1 + 4/100)^2
A = 37500(1.04)^2
A = 37500(1.0816)
A = 40560
Therefore, the population of the town after 2 years will be 40560.
Answer:
Option (B) 40560 is the correct answer.
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The population of a town increases every year by 4%. If its present population is 50,000, then after 2 years it will bea)40000b)54080c)40200d)Nonee)All of the aboveCorrect answer is option 'B'. Can you explain this answer?
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