The population of a town increases every year by 4%. If its present population i

Question

The population of a town increases every year by 4%. If its present population is 50,000, then after 2 years it will be

Options:

A . 54,000

B . 53,900

C . 54,080

D . 54,900

Answer: Option C
Answer: (c)
Using Rule 17,
Required population = $50000(1 + 4/100)^2$
= $50000 × 26/25 × 26/25$= 54080

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