A papuoation of a town icreases at a rate of 4%per annum.If present population is 37500then what will after 2years?
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S = Population after 2 years = ?
i = Annual growth rate = 4%
n = Duration = 2 years
R= present population= 37500
S = R(1+i)^n
= 37500 ( 1 + 4/100)^2
= 37500 ( 1 + 0.04)^2
= 37500 (1.04)^2
= 37500 (1.0816)
= 40560 = population after 2 years
i = Annual growth rate = 4%
n = Duration = 2 years
R= present population= 37500
S = R(1+i)^n
= 37500 ( 1 + 4/100)^2
= 37500 ( 1 + 0.04)^2
= 37500 (1.04)^2
= 37500 (1.0816)
= 40560 = population after 2 years
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