Multiple choice

The present population of a town is $14000$. If it increases at the rate of $10\%$ per annum, what will be its population after $4$ years?

  1. $10497$
  2. $20497$
  3. $30497$
  4. $40497$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Population after 4 years = 14000 * (1 + 10/100)^4 = 14000 * (1.1)^4 = 14000 * 1.4641 = 20497.4. Rounding to the nearest whole number gives 20497.

AI explanation

The population after 4 years is found using the compound interest formula: Final Population = Initial Population * (1 + Rate/100)^n. Substituting the values gives 14000 * (1 + 0.10)^4, which equals 14000 * 1.4641. Multiplying these values results in a population of 20497.

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