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If the population P of a town increases at R% per annum, then its population after 5 years is …….

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To find the population of a town after 5 years given that it increases at R% per annum, we can use the formula for compound interest, which is also applicable for population growth. The formula is: \[ A = P \left(1 + \frac{R}{100}\right)^n \] Where: - \( A \) is the amount (or population after n years), - \( P \) is the principal amount (initial population), - \( R \) is the rate of increase (in percentage), - \( n \) is the number of years. ### Step-by-Step Solution: 1. **Identify the Variables**: - Initial population \( P \) (the current population of the town). - Rate of increase \( R \) (the percentage increase in population per annum). - Time period \( n \) (which is given as 5 years). 2. **Substitute the Values into the Formula**: - We know \( n = 5 \) years. - Substitute \( n \) into the formula: \[ A = P \left(1 + \frac{R}{100}\right)^5 \] 3. **Calculate the Population After 5 Years**: - The expression \( \left(1 + \frac{R}{100}\right)^5 \) represents the growth factor over 5 years. - Therefore, the population after 5 years can be expressed as: \[ A = P \left(1 + \frac{R}{100}\right)^5 \] 4. **Final Expression**: - The final expression for the population after 5 years is: \[ A = P \left(1 + \frac{R}{100}\right)^5 \] ### Final Answer: The population after 5 years is given by: \[ A = P \left(1 + \frac{R}{100}\right)^5 \]
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