A population of a town increases by 15% every year. If the current population is

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Question: A population of a town increases by 15% every year. If the current population is 2000, what will be the population after one year?

Options:

Correct Answer: 2200

Solution:

Population after one year = Current Population + (15% of Current Population) = 2000 + (0.15 * 2000) = 2000 + 300 = 2300.

A population of a town increases by 15% every year. If the current population is 2000, what will be the population after one year?

A population of a town increases by 15% every year. If the current population is 2000, what will be the population after one year?

Step 1: Identify the current population, which is 2000.
Step 2: Determine the percentage increase, which is 15%.
Step 3: Convert the percentage to a decimal by dividing by 100. So, 15% becomes 0.15.
Step 4: Calculate 15% of the current population by multiplying: 0.15 * 2000.
Step 5: Perform the multiplication: 0.15 * 2000 = 300.
Step 6: Add the increase (300) to the current population (2000): 2000 + 300.
Step 7: Perform the addition: 2000 + 300 = 2300.
Step 8: The population after one year will be 2300.

Percentage Increase – Understanding how to calculate a percentage increase on a given value.
Basic Arithmetic – Applying basic addition and multiplication to derive the final population.