The population of a town increased at the rate of 10% p.a. If in the year 2011 it was 3.2×107, then what will it be in the year 2012?
4.2592×107
4259200
3.52×107
39860000
A
4259200
B
3.52×107
C
39860000
D
4.2592×107
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Solution
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⇒ Population of town in the year 2011 was 3.2×107
⇒ So, P=3.2×107,R=10%andn=1
⇒ Population of twon in 2012 = P(1+R100)n
⇒3.2×107×(1+10100)1
⇒3.2×107×110100
⇒3.52×107
∴ The population of town in the year 2012 is 3.52×107.
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