Explain simply why (C) is the correct answer to: he population of a city is 160,000. If it increases at the rate of 6% per annum, then what will be its population 2 years hence?
Options:
(A) 1797787
(B) 1797723
(C) 179776
(D) 179728
(E) 179718. Explanation:
Population after n years = P [1 + (R/100)]2
Population after 2 years = 160000 * [1 + 6/100]2 = (160000 x 53/50 x 53/50) = 179776