The population of a city increased to 2601000 in 2018 at a rate of 2 % p.a.
a) Find the population in 2016.
b)What would be it's population in 2020 ?
Answers
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Step-by-step explanation:
Given :-
The population of a city increased to 2601000 in 2018 at a rate of 2 % p.a.
To find :-
Find the following :
a) Find the population in 2016 ?
b)What would be it's population in 2020 ?
Solution :-
a)
Given that
The population of a city in 2018 = 2601000
Increased percentage = 2% Per annum
Required population year = 2016
Time = 2018-2016 = 2 years
We have,
A = 2601000
R = 2%
T = 2 years
N = 2
We know that
A = P[1+(R/100)]^n
The population in 2016 =
=> 2601000 = P[1+(2/100)]²
=> 2601000 = P[1+(1/50)]²
=> 2601000 = P[(50+1)/50]²
=> 2601000 = P(51/50)²
=> 2601000 = P[(51×51)/(50×50)]
=> 2601000 = P(2601/2500)
=> P = (2601000×2500)/2601
=> P = 1000×2500
=> P = 2500000
The population in 2016 is 2500000
b)
The population of a city in 2018 = 2601000
Increased percentage = 2% Per annum
Required population year = 2020
Time = 2020-2018= 2 years
We have,
P= 2601000
R = 2%
T = 2 years
N = 2
We know that
A = P[1+(R/100)]^n
The population in 2020 =
=> A = 2601000[1+(2/100)]²
=> A =2601000 [1+(1/50)]²
=> A = 2601000[(50+1)/50]²
=> A = 2601000(51/50)²
=> A= 2601000[(51×51)/(50×50)]
=> A = 2601000(2601/2500)
=> A= (2601000×2601)/2500
=> A = 26010×2601/25
=> A = 67652010/25
=> A = 2706080.04
=> A = 2706080
The population in 2020 is 2706080
Answer:-
a) The population of a city in 2016 was 2500000
b) The population of a city in 2020 will be 2706080
Used formulae:-
→ A = P[1+(R/100)]^n
- A = amount
- P = Principle
- R = Rate of Interest
- n = number of times the compound interest is calculated