A city of 20,000 people growing at 5% a year from 1997 reaches, by the…

Question

A city of 20,000 people growing at 5% a year from 1997 reaches, by the end of 2000, about:

Accepted Answer

D. 23153

1. Growth compounds year on year.
2. Apply the compound formula for three years.
3. The population is about 23153.
_Source: syllabus Mathematics, Chapter 8, Comparing Quantities._

Answer

22050

Answer

21000

Answer

24500

A city of 20,000 people growing at 5% a year from 1997 reaches, by the end of 2000, about:

Keep practising Simple and Compound Interest