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Interest Compounded Annually and Half Yearly

The populatio...

Question

The population of a village was $75000$ in $2000$ . In $2010$ the population became $93000.$ What is the increasing percentage during these $10$ years?

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Solution

Initial Population $= 75000$

Final Population $= 93000$

Increase in population $= 93000 - 75000 = 18000$

Therefore,

Percentage Increase $= \frac{18000}{75000} \times 100 = 24 %$

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