The population of a city is 160,000. If it increases at the rate of 6% per annum, then what will be its population 2 years hence?
Answer & explanation
Correct answer: option 4
Current population = 160000
Population after 1 year = 160000 + 6% of 160000 = 169600
Population after 2 year = 169600 + 6% of 169600 = 179776