Population of a town increases at a certain rate per cent per annum. Present population of the town is 3600 and in 5 years’ time it becomes 4800. How much will it be in 10 years time ?
A
5000
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B
6000
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C
6400
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D
7000
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Solution
The correct option is C 6400 Let rate of increase in population =r%p.a Then 4800=3600(1+r100)5 ∴(1+r100)5=48003600=43
Population in the next 5 years will become 4800(1+r100)5 4800×43=6400