The population of hyd was6809000in the year 2011. If it increases are the rate of 4.7per annum what will be the population at the end of the year 2015? Solve this by using amount formula
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Initial population= P = 6809000
Rate of increase= i = 4.7%
Time= n = 4years
A = population at the end of2015
=P(1+i)^n
= 6809000(1 + 4.7/100)^4
=6809000(1 + 0.047)^1
=6809000(1.047)
= 7,129,023 at the end of 2015
Rate of increase= i = 4.7%
Time= n = 4years
A = population at the end of2015
=P(1+i)^n
= 6809000(1 + 4.7/100)^4
=6809000(1 + 0.047)^1
=6809000(1.047)
= 7,129,023 at the end of 2015
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