The Population of a City Increases Each Year by 4% of What It Had Been at the Beginning of Each Year. If the Population in 1999 Had Been 6760000, Find the Population of the City in (I) 2001 (Ii) 1997. - Mathematics

Sum

The population of a city increases each year by 4% of what it had been at the beginning of each year. If the population in 1999 had been 6760000, find the population of the city in (i) 2001 (ii) 1997.

Solution

$(i)$
Population of the city in 2001 = P $\left( 1 + \frac{R}{100} \right)^2$
$= 6760000 \left( 1 + \frac{4}{100} \right)^2$
$= 6760000 \left( 1 . 04 \right)^2$
$= 7311616$
Thus, Population of the city in 2001 is 7311616.
$(ii)$
Population of the city in 1997 = P $\left( 1 + \frac{R}{100} \right)^{- 2}$
$= 6760000 \left( 1 + \frac{4}{100} \right)^{- 2}$
$= 6760000 \left( 1 . 04 \right)^{- 2}$
$= 6250000$
Thus, Population of the city in 1997 is 6250000.

Is there an error in this question or solution?

APPEARS IN

RD Sharma Class 8 Maths
Chapter 14 Compound Interest
Exercise 14.4 | Q 15 | Page 28