Question

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

Answer 1

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