The population of a city increases every year at the rate of 5%. If the population of the city is 16000, what will be the population after 2 years?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 17640.
Let, the population of the city after two years be x
The population of the city is 16000
⇒ 16000 × 105/100 × 105/100 = x
⇒ x = 16 × 105 × 105/10
⇒ x = 17640