Question
Download Solution PDFThe population of a village was 110000. It increased by 10% in the first year and increased by 20% in the second year. Its population after two years is _______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Initial Population = 110000
First Year Increase = 10%
Second Year Increase = 20%
Formula used:
Population after n years = Initial Population × (1 + Rate1) × (1 + Rate2)
Calculations:
Population after 2 years = 110000 × (1 + 10/100) × (1 + 20/100)
⇒ Population after 2 years = 110000 × 1.1 × 1.2
⇒ Population after 2 years = 110000 × 1.32
⇒ Population after 2 years = 145200
∴ The correct answer is option (4).
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