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The population of a town is 20,000. If it increases by 10% every year, what will

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Question: The population of a town is 20,000. If it increases by 10% every year, what will be the population after 2 years?

Options:

  1. 22000
  2. 24200
  3. 26420
  4. 20000

Correct Answer: 24200

Solution: 

Population after 1 year = 20000 * 1.10 = 22000. Population after 2 years = 22000 * 1.10 = 24200.

The population of a town is 20,000. If it increases by 10% every year, what will

Practice Questions

Q1
The population of a town is 20,000. If it increases by 10% every year, what will be the population after 2 years?
  1. 22000
  2. 24200
  3. 26420
  4. 20000

Questions & Step-by-Step Solutions

The population of a town is 20,000. If it increases by 10% every year, what will be the population after 2 years?
  • Exponential Growth – Understanding how to calculate population growth using percentage increases over multiple time periods.
  • Compound Interest Formula – Applying the formula for compound growth, which is similar to calculating interest on an investment.
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