The population of a town is $50{,}000$. If it increases at $4\%$ per year, the population after one year is

The population of a town is $50{,}000$. If it increases at $4\%$ per year, the population after one year is
  1. $50{,}400$
  2. $51{,}000$
  3. $52{,}000$
  4. $54{,}000$

Solution

Increase $= 4\%$ of $50000 = 2000$. Population after 1 year $= 50000 + 2000 = 52000$.

Asked in: NSO

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