Question

The present population of a town is 28000. If it increases at the rate of 5% per annum, what will be its population after 2 years?

Answer 1

Given details are,

Present population of town is = 28000

Rate of increase in population is = 5% per annum

Number of years = 2

By using the formula,

A = P (1 + R/100)n

Population of town after 2 years = 28000 (1 + 5/100)2

= 28000 (1.05)2

= 30870

∴ Population of town after 2 years will be 30870.