The population of a town is 2500. Annually, the percentage increase in the population is 3%. What will be the population in 3 years?
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P = 2500
R = 3%
T =3years
A = p(1 +R/100)^T
= 2500(1 +3/100)^3
2500(103/100)^3
2500* 103/100* 103/100 * 103/100
25 * 103/100* 103/100 * 103/1
25*1.03 *1.03 * 103
2731.8175
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