The population of the city was 5000000 in 2020. The population grows by 7.5% annually. The population in 2022 is ______.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 5778125.
Given:
The population of the city in 2020 = 5000000
Annual increase = 7.5%
Formula used:
Successive percentage change = x + x + (x2/100)
Calculations:
Hence, 7.5 + 7.5 + = 15.5625
The increase in population = × 5000000 = 778125
Hence, the total population in 2022 = 5000000 + 778125 = 5778125