Population of Ranigunj is 8 lakh. If the annual birth rate and death rates of the city are 6.3 % and 1.8 % respectively, then what will be the population of Ranigunj after 2 years ?
A
873620
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B
864860
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C
858640
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D
886410
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E
897580
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Solution
The correct option is A 873620 Total Present Popluation (P) = 8 lakh = 800000 Birth rate = 6.3% Death rate = 1.8% Effective birth rate (r) = 6.3 - 1.8 = 4.5 % Time (n) = 2 years Now, Population after 2 years, = P * [1+ (R/100)] ^n = 800000 * [1 + (4.5/100) ^2 = 873620