Question

The present population of a district is 325000. If it rises to 572761 during next 5 years, then find uniform rate of growth in population.

Answer 1

Solution

Population after n years = P[1+R/100]^n
=> 572761 = 325000 [1+R/100]^5
=> 1.762342 = [1+R/100]^5
=> [1+R/100] = 1.12
=> R = 12%