Practicing Success
The population of a city increases 5% annually in compounded manner (yearly compounding). The present population of this city is 93051. The population of this city 2 years ago was: |
84400 84000 88000 88400 |
84400 |
5% = \(\frac{1 }{20}\) Principal : Amount For 1st year 20 : 21 For 2nd year 20 : 21 ------------------------------------------------------ Overall 400 : 441 ATQ, 441R = 93051 1R = 211 Initial Sum = 400R = 400 × 211 = Rs. 84400 |