Question

Application of compound Interest of
Elampie 1: The population of a village is 625o.
It is found that the date of Increase in
Population is 8% per annum- find the population
ater 2 Years.
​

Answer 1

Answer:

CURRENT POPULATION = 6250

ANNUAL GROWTH IN POPULATION = 8 %

Step-by-step explanation:

GROWTH IN ONE YEAR = 6250 × 8 / 100 = 500

GROWTH IN TWO YEARS = 500 × 2 = 1000

POPULATION OF VILLAGE AFTER TWO YEARS = 6250 + 1000 = 7250

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