If the current population of Chennai city is 3888180 and the average rate of population growth in Bangalore city is 10% p.a., what can city planners expect the population of Chennai city to be in 10 years?
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Solution
Given, P=3888180,r=10%,n=10 We know, A=P[(1+r100)n] ⇒A=3888180[(1+10100)10] ⇒A=10084772 Hence, the population of Chennai city in 10 years is 10084772.