Question

The population of a city increases each year by $4\%$ of what it had been at the beginning of each year. If its present population is $6760000$, find Its population $1$ years is:

Answer 1

Current population $=6760000$ , R $=4\%$

After $1$ year population$=6760000+\frac{4}{100}\times 6760000=7030400$.

$\therefore$ population after $1$ year is $7030400$