The population of a city in the year 2020 was 2,00,000. The rate of growth of population is 8% per annum. Find the population of that city in the year 2022.
Answer & explanation
Correct answer: option 2
8% = \(\frac{8 }{100 }\) = \(\frac{2 }{25 }\)
Population of city in 2022 = 2,00,000 × \(\frac{27 }{25 }\) ×\(\frac{27 }{25 }\)
= 233280