G EXAMPLE 4 The population of a city increases at the
rate of 15% per annum. If its population was 4000 at the
end of year 2012, what will be its population at the end
of year 2014?
(a) 5530
(b) 4680
(c) 4560
(d) 5290
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Answer:
End of 2014, the population of the city = 5290
Step-by-step explanation:
15% of 4000 = 600
end of 2013, the population of the city = 4600
15% of 4600 = 690
end of 2014, the population of the city = 5290
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