A town has 15625 inhabitants. If the population of this town increases at the rate of 4% per
annum, find the number of inhabitants of the town at the end of 3 years.
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Answer:
17500
Step-by-step explanation:
Total population ( Principal) = 15625
Rate of Interest (R) = 4%
Time = 3 years
S.I = (P×R×T)/100
S.I = (15625 × 4 ×3)/100
S.I = 1875
Amount = P + S.I
= 15625 +1875
= 17500
therefore population after 3 years = 17500
This method i used can be ued when this question comes in the form of mcq's . Otherwise dont use it. Use the percentage method.
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