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Question

What will be the population of a country after 5 years at an annual increase of 10%?


  1. Population × (1+ 10/100)5

  2. Population × (1 - 10/100)1/5

  3. (Population × 10 × 5)/100

  4. Population × (10/100)5


Solution

The correct option is A

Population × (1+ 10/100)5


The given problem demands compound interest:

  The formula becomes: Population ×[1+10100]5

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