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The present population of a city is 1800...

The present population of a city is 180000. If it increases at the rate of 10% per annum, its population after 2 years will be :

A

207800

B

227800

C

217800

D

237800

Text Solution

AI Generated Solution

The correct Answer is:
To find the population of a city after 2 years given its current population and annual growth rate, we can use the formula for compound interest, which is applicable here since the population increases at a constant percentage rate each year. ### Step-by-Step Solution: 1. **Identify the Given Values:** - Present Population (P) = 180,000 - Rate of Increase (r) = 10% per annum - Time (t) = 2 years 2. **Convert the Percentage Rate to Decimal:** - The rate of increase in decimal form is: \[ r = \frac{10}{100} = 0.10 \] 3. **Use the Compound Interest Formula:** - The formula to calculate the future population after t years is: \[ \text{Future Population} = P \times (1 + r)^t \] - Substituting the values we have: \[ \text{Future Population} = 180,000 \times (1 + 0.10)^2 \] 4. **Calculate \( (1 + r)^t \):** - First, calculate \( (1 + 0.10) = 1.10 \). - Now, calculate \( (1.10)^2 \): \[ (1.10)^2 = 1.10 \times 1.10 = 1.21 \] 5. **Calculate the Future Population:** - Now substitute back into the formula: \[ \text{Future Population} = 180,000 \times 1.21 \] - Perform the multiplication: \[ \text{Future Population} = 217,800 \] 6. **Conclusion:** - The population of the city after 2 years will be **217,800**.
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