Multiple choice

The population of a city increases at the rate of 4% per annum. There is an additional annual increase of 1% in the population due to the influx of job seekers. What will be the % increase in the population after 2 years?

  1. 8.16

  2. 10.25

  3. 5.00

  4. 10.75

  5. 12.36
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The net annual increase=5% Let the initial population be 100. Then, the population after 2 years =100*1.05*1.05 =110.25 Therefore,% increase in population=110.25-100 =10.25 Thus, this is the correct answer.

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