the population of a city was 30000 at the beginning of the year 1999 it increased at the rate of 5%p.a. calculate the population at the end of the year 2001?
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This sum is a reference for your question please see it and try to do yours
A = P(1+ R/100)N
Initial population of the city (P) = 20,000
Rate of increase (R) = 5% pa
N (number of years) =3
Population of the city after 3 years = A
A = 20000(1+5/100)³
= 20000(105/100)³
= (20000*105*105*105)/(100*100*100)
A = 23152.5
So, population of city after 3 years = 23152.5
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