Question

The population of a village is $6250$. It is found that the rate of increase in population is $8\%$ per annum. Find the population after $2$ years.

Answer 1

Here P = 6250 R = 8% T = 2 years
Population after 2 years $A=P{(1+\frac{R}{100})}^n$
$A=6250{(1+\frac{8}{100})}^2$
$=6250{\left(\frac{108}{100}\right)}^2$
$=7290$