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The present population of a country esti...

The present population of a country estimated to be 10 crores is expected to increase to 13.31 crores during the next three years. The uniform rate of growth is

A

`8%`

B

`10%`

C

`12.7%`

D

`15%`

Text Solution

AI Generated Solution

The correct Answer is:
To find the uniform rate of growth of the population over three years, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Initial and Final Population:** - Present population = 10 crores - Expected population after 3 years = 13.31 crores 2. **Calculate the Total Increase in Population:** - Increase in population = Final population - Initial population - Increase = 13.31 crores - 10 crores = 3.31 crores 3. **Calculate the Growth Rate:** - We need to find the uniform growth rate (r) that results in the population increasing from 10 crores to 13.31 crores over 3 years. - The formula for population growth can be expressed as: \[ P = P_0 (1 + r)^n \] where: - \( P \) = final population - \( P_0 \) = initial population - \( r \) = growth rate (as a decimal) - \( n \) = number of years 4. **Substituting the Values:** - Here, \( P = 13.31 \), \( P_0 = 10 \), and \( n = 3 \). - The equation becomes: \[ 13.31 = 10 (1 + r)^3 \] 5. **Rearranging the Equation:** - Divide both sides by 10: \[ 1.331 = (1 + r)^3 \] 6. **Taking the Cube Root:** - To find \( 1 + r \), take the cube root of both sides: \[ 1 + r = \sqrt[3]{1.331} \] 7. **Calculating the Cube Root:** - Using a calculator, we find: \[ 1 + r \approx 1.1 \] 8. **Finding the Growth Rate \( r \):** - Subtract 1 from both sides: \[ r \approx 1.1 - 1 = 0.1 \] - Convert \( r \) to a percentage: \[ r \times 100 \approx 10\% \] ### Final Answer: The uniform rate of growth is approximately **10% per year**. ---
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MAHENDRA-PERCENTAGE-EXERCISE
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  14. A's income is 50% more than B's. How much percent is B's income less t...

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  15. A's height is 40% less than that of B, how much percent B's height is ...

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  17. Two numbers are respectively 12 1/2 % and 25% more than a third numbe...

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