Question

The present population of a town is 28,000. If it increases at the rate of 5% per annum, what will be its population after 2 years?(a) 30,000 (b) 30,800 (c) 30,870 (d) 30,870

Answer 1

increase in the first year will be (28000X5)/100=1400
so total population after 1 year will be 29400
increase in the second year will bee (29400X5)/100=1470
total population after 2 years will be = 29400+1470=30,870