Compound Interest Practice Test 1

Question : 36 of 40

Marks: +1, -0

Find the population of a town after 3 years if it decreases at 3.2% p.a. due to migration and present population of the town is 19,53,125.

Solution:

Population after 3 years be

=P(1-3.2/100)^t

=19,53,125(1-32/1000)^3

=19,53,125(121/125)^3

= 121 × 121 × 121 = 17,71,561

Go to Question:

Prev Question

Next Question