The number of people living in Aligarh at present is 500000. If the population of the town increases by 4% every year, then what will be the Aligarh’s population after three years?

The number of people living in Aligarh at present is 500000. If the population of the town increases by 4% every year, then what will be the Aligarh’s population after three years? Correct Answer 562432

Given:

Initial Population = 500000

Formula Used:

Final population = I(1 + r/100)3, where I = initial population

Calculation:

Required population = I(1 + r/100)3 = 500000(1 + 4/100)3

= (104/100) × (104/100) × (104/100) × 500000

= (26/25) × (26/25) × (26/25) × 500000 = 562432

Related Questions

Find the total population of town A. Statement I: Number of males in town B is 11520 which is 80% of the number of females in town A. There are 4880 more males in town A as compared to town B. Statement II: The ratio of number of males and females in town A is 41 : 36 and difference of number of males and females is 2000.