9. Number of residents in a particular colony rose to
4200 from 3500 in 5 years. If the trend continues in
the same way, what will be the number of residents of
the colony after 10 years?
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Answer:
Residents increased last year's = 4200-3500=700
Let assume, annual simple interest rate is = r%
\begin{gathered} \frac{3500 \times r \times 5}{100} = 700 \\ = > r = 4\% \\ \end{gathered}
100
3500×r×5
=700
=>r=4%
Now,
In 10 years there will be an interest actual population is
\begin{gathered} \frac{3500 \times 10 \times 4}{100} + 3500 \\ = 4900\end{gathered}
100
3500×10×4
+3500
=4900
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