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SSC Selection Post 2022 PYQ — Question 70

SSC Selection Post - Matriculation Level 2022 - 2 Aug 2022 - Shift 1 • Quantitative Aptitude • Q70

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The current population of a town is 50,000. If it is growing at 6%, compounded every year, what will be the population of the town after two years?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. 56180.

New population = P(1+r100)tP \left(1 + \frac{r}{100} \right)^t

= 50000×(1+6100)2=50000×(1.06)2=50000×1.1236=5618050000 \times \left(1 + \frac{6}{100} \right)^2 = 50000 \times (1.06)^2 = 50000 \times 1.1236 = 56180