The population of a small town is 12,000. If the population increases

1.	The population of a small town is 12,000. If the population increases by 15% from year to year, then what will be the population of that city in two years?1. 14,7602. 15,8703. 15,6204. 16,870
Answer» Correct Answer - Option 2 : 15,870 Given: Population of town = 12,000 Percentage increase in population = 15% Concept used: Population of the city in n years = initial population × (1 + r/100)ⁿ Calculation: Population of the city in two years = 12,000 × (1 + 15/100)² = 15,870 ∴ The population of the city in two years is 15,870.

The population of a small town is 12,000. If the population increases by 15% from year to year, then what will be the population of that city in two years?1. 14,7602. 15,8703. 15,6204. 16,870

Answer» Correct Answer - Option 2 : 15,870

Given:

Population of town = 12,000

Percentage increase in population = 15%

Concept used:

Population of the city in n years = initial population × (1 + r/100)ⁿ

Calculation:

Population of the city in two years = 12,000 × (1 + 15/100)² = 15,870

∴ The population of the city in two years is 15,870.

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The population of a small town is 12,000. If the population increases by 15% from year to year, then what will be the population of that city in two years?1. 14,7602. 15,8703. 15,6204. 16,870

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