Maths · Arithmetic and Geometric progressions
The population of a town is 1200 in 2010. From 2010 to 2015, the population of t
The population of a town is 1200 in 2010. From 2010 to 2015, the population of the town increased by \( 10 \% \) per year. Whats the population of the town in \( 2015 ? \)
- A. 4932 .612
- B. 3932.612
- C. 2932.612
- D. 1932.612
Step-by-step solution
The population increases by 10% per year, so it multiplies by 1.10 each year. From 2010 to 2015 is 5 years, so population = 1200 × (1.10)^5 = 1200 × 1.61051 = 1932.612.
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