Multiple choice

The population of a village was 20000. After two years population became 22050, what was growth rate per year ?

  1. 10%

  2. 8%

  3. 5%

  4. 6%

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Use compound growth formula: 20000(1 + r)² = 22050. Taking square root: 1 + r = √(22050/20000) = √1.1025 = 1.05. So r = 0.05 or 5% per year. This matches option C.

Keep practicing — related questions