The population of a village is 5,000 and it increases at the rate of 2% every year.
Posted on 08-01-2023
Ques - The population of a village is 5,000 and it increases at the rate of 2% every year. After 2 years, the population will be :
A. 5116
B. 5202
C. 5200
D. 5204
Solution -
Let,
The population of a village = 5000
First year it increases at the rate of 2% = 5000 + 2% of 5000
= 5000 + (2/100) * 5000
= 5000 + 100
= 5100
Second year it increases at the rate of 2% = 5100 + 2% of 5100
= 5100 + (2/100) * 5100
= 5100 + 102
= 5202
Hence,
The correct answer is option (b) 5202.
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