Civil Service Exam Reviewer · Percentage · hard
A town has a population of 20,000. If it grows by 3% each year, what will the population be after 2 years?
- 21,200
- 20,600
- 21,855
- 21,218
Answer
D. 21,218
Solution
20,000 × (1.03)² = 21,218. (Growth is compounded, not 6% simple.)
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