The population of a village is 4,00,000. if population increases by 2.5% every year. what will be the population after 3 years?
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Answer:
Population after n years = Present Population =(1+
100
r
)
n
Population after 2 years =50000(1+
100
5
)
2
=50000(
100
105
)
2
=50000×
100
105
×
100
105
=5×105×105=55125
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