The population of a city increases at the rate of 10% per annum. If the population of the city was 2 crore in 2018, then the population of the city in the year 2021 was:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 2.662 cr
If the population was 2 cr in 2018, then it would be
⇒ 2 × (110/100) × (110/100) × (110/100) = 2 × (11/10)3 = 2 × 1.331 = 2.662 cr