Q. The population of village is 1,00,000. The rate of increase is 10% per annum. Find the population at the start of the third year?
✅ Correct Answer: (B)
1,21,000
Explanation: 100000 == 10%↑(1st year) ==> 110000 == 10%↑(2nd year) ==> 121000
Population at starting of 3rd year = 121000
[By using net percentage change method, we have saved our self from cumber some formulas on population which is based on compound interest].
Explanation by: Sandeep
100000 == 10%↑(1st year) ==> 110000 == 10%↑(2nd year) ==> 121000
Population at starting of 3rd year = 121000
[By using net percentage change method, we have saved our self from cumber some formulas on population which is based on compound interest].
Population at starting of 3rd year = 121000
[By using net percentage change method, we have saved our self from cumber some formulas on population which is based on compound interest].