The population of a village was 20,000 in the year 2019. It increased at the rate of 5% p.a. Find the population at the end of the year 2022.

Question

The population of a village was 20,000 in the year 2019. It increased at the rate of 5% p.a. Find the population at the end of the year 2022.
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Solution 1

To solve this problem, we need to apply the formula for compound interest, which is also used to calculate population growth. The formula is:

P = P0 * (1 + r/100)^n

where:

  • P is the final population
  • P0 is the initial population
  • r is the rate of increase (in this case, 5% per annum)
  • n is the Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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