Multiple choice

What will be population of the city in the next 2 years, if the current count is 58,200, and it is increasing at the rate of 8% per annum?

  1. 62,856

  2. 67,884

  3. 49,897

  4. 53,889

  5. 79,180
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Population after 2 years = 58200 * (1 + 0.08)^2 = 58200 * 1.1664 = 67884.48. Rounding gives 67884.

AI explanation

To find the future population, use the compound interest formula: Final Population = Initial Population * (1 + Rate/100)^n. Substituting the given numbers gives 58200 * (1 + 0.08)^2, which simplifies to 58200 * 1.1664. Multiplying these values results in a population of 67884 after 2 years.

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