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The population of a city increases by 2...

The population of a city increases by 20% at the end of every year. During which of the following years , the population would be doubled ?

A

second

B

third

C

fourth

D

fifth

Text Solution

AI Generated Solution

The correct Answer is:
To determine when the population of a city will double given that it increases by 20% at the end of every year, we can use the formula for compound interest. The formula is: \[ A = P \left(1 + \frac{r}{100}\right)^t \] Where: - \( A \) is the amount (final population), - \( P \) is the principal (initial population), - \( r \) is the rate of interest (percentage increase), - \( t \) is the time in years. ### Step-by-Step Solution: 1. **Identify the Variables**: - Let the initial population \( P \) be \( P \). - The final population \( A \) when it doubles will be \( 2P \). - The rate of increase \( r \) is 20%. 2. **Set Up the Equation**: Substitute the known values into the compound interest formula: \[ 2P = P \left(1 + \frac{20}{100}\right)^t \] 3. **Simplify the Equation**: Since \( P \) is common on both sides, we can cancel it out: \[ 2 = \left(1 + \frac{20}{100}\right)^t \] This simplifies to: \[ 2 = (1.2)^t \] 4. **Take Logarithm of Both Sides**: To solve for \( t \), we can take the logarithm of both sides: \[ \log(2) = t \cdot \log(1.2) \] 5. **Solve for \( t \)**: Rearranging gives: \[ t = \frac{\log(2)}{\log(1.2)} \] 6. **Calculate the Values**: Using a calculator: - \( \log(2) \approx 0.3010 \) - \( \log(1.2) \approx 0.0792 \) Now substitute these values: \[ t \approx \frac{0.3010}{0.0792} \approx 3.8 \] 7. **Conclusion**: Since \( t \) is approximately 3.8 years, the population will double sometime during the 4th year. ### Final Answer: The population will double during the **4th year**.

To determine when the population of a city will double given that it increases by 20% at the end of every year, we can use the formula for compound interest. The formula is: \[ A = P \left(1 + \frac{r}{100}\right)^t \] Where: - \( A \) is the amount (final population), - \( P \) is the principal (initial population), - \( r \) is the rate of interest (percentage increase), ...
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