If a population of a town increases by 5% every year, what will be the populatio
Practice Questions
Q1
If a population of a town increases by 5% every year, what will be the population after 2 years if the current population is 1,000?
1,050
1,102.5
1,100
1,120
Questions & Step-by-Step Solutions
If a population of a town increases by 5% every year, what will be the population after 2 years if the current population is 1,000?
Step 1: Start with the current population, which is 1,000.
Step 2: Calculate the population after 1 year by multiplying the current population by 1.05 (which represents a 5% increase). So, 1,000 * 1.05 = 1,050.
Step 3: Now, take the population after 1 year, which is 1,050, and calculate the population after the 2nd year by again multiplying by 1.05. So, 1,050 * 1.05 = 1,102.5.
Step 4: The final population after 2 years is 1,102.5.
