Civil Service Exam Reviewer · Percentage · hard

A town has a population of 6,000. If it grows by 5% each year, what will the population be after 2 years?

  1. 6,600
  2. 6,615
  3. 6,300
  4. 6,946

Answer

B. 6,615

Solution

6,000 × (1.05)² = 6,615. (Growth is compounded, not 10% simple.)

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