Question

The present population of a town is 48000. It is increasing at the rate of 5% every year. What will be the increase in population in next 3 years?

Answer 1

The increase in population over the next 3 years will be 7566.

Step-by-step explanation:

To calculate the increase in population over the next 3 years, we can use the formula:

New Population = Current Population + (Current Population * Growth Rate)

We can plug in the given values:

1. New Population after 1 year = 48000 + (48000 * 0.05) = 48000 + 2400 = 50400
2. New Population after 2 years = 50400 + (50400 * 0.05) = 50400 + 2520 = 52920
3. New Population after 3 years = 52920 + (52920 * 0.05) = 52920 + 2646 = 55566

The increase in population over the next 3 years will be 55566 - 48000 = 7566.

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