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We had 1000 goats at the beginning of ye...

We had 1000 goats at the beginning of year 2001 and the no. of goats each year increases by `10%` by giving birth (compounded annually). At the end of each year we double the no. of goats by purchasing the same no. of goats as there is the no. of goats with us at the time. What is the no. of goats at the beginning of 2004?

A

10600

B

10648

C

8848

D

8226

Text Solution

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The correct Answer is:
B
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