Question

the present population of a town is 550000. There is an annual increase of 4% in the population. What will be the population after 3 years?

Answer 1

the present population of a town is 550000.
There is an annual increase of 4% in the population.
Therefore, population increase in 1st year= 550000+(4% of 550000)
= 572000
Now, population increase in the second year= 572000+(4% of 572000)
=594880
Now, the population increase in the 3rd year= 594880+(4% of 594880)=
618675.2= 618675