The population of a village is 50000. the rate of increase is 12% per annum. find the approximate population at the start of the fourth year.placement questions l
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Population = 50,000
Rate of increase = 12% per annum (12% = 0.12)
Number of years = 3 (start of 4th year is the same as end of the 3 years)
Find the population at the start of the 4th year:
Population = 50000(1 + 0.12)³
Population = 70,246
Answer: The population at the start of the 4th year is 70.246
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