Question

Find the population of vikarabad town after 3 years which is at present 65000 at the rate of increase is 5%

Answer 1

The population of vikarabad town 75,246 after 3 years

Answer 2

p = 65000

t = 3 years

r = 5%

amount

= P(1+r/100)^t

= 65000(1+5/100)^3

= 65000(1+1/20)^3

= 65000(20/20+1/20)^3

= 65000(21/20)^3

= 65000×9261/8000

= 65×9261/8

= 601965/8

= 75245.625

therefore , the population of Vikarabad will be 75245.625 after 3 years