the population of a town was 160000 three year ago.If it had increased by 3%,2.5% and 5%in the last three years respectively, find the present population of the town
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QUESTION
the population of a town was 160000 three year ago.If it had increased by 3%,2.5% and 5%in the last three years respectively, find the present population of the town
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ANSWER
population=160000
growth rate for the first year=3%
growth rate for the second year=2.5%
growth rate for the third year=5%
Answer= P(1+R1/100)(1+R2/100)(1+R3/100)
answer=160000(1+3/100)(1+2.5/100)(1+5/100)
answer=177366
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Step-by-step explanation:
population of a town = 160000(three years ago) , increased by 3%, 2.5% and 5%
present population=population(three years ago)×1.03×1.025×1.05
Pp =160000×1.03×1.025×1.05=177366
177366
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