Advertisement Remove all ads

The number of members of a club is increased by 10% every year. If the initial number of the members is 500, then what will be the number at the beginning of the third year? - Mathematics

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads
MCQ

The number of members of a club is increased by 10% every year. If the initial number of the members is 500, then what will be the number at the beginning of the third year?

Options

  • 610

  • 615

  • 620

  • 605

Advertisement Remove all ads

Solution

605

Explanation:

No. of Members initially = 500

Increasing Rate = 10% per year

Time = 2 year

No. of people after 2 years `= "P"[1+"r"/100]^2`

`"A"=500[1+10/100]^2=500xx121/100`

= 605

Concept: Simple and Compound Interest
  Is there an error in this question or solution?
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×