Civil Service Exam Reviewer · Percentage · hard

A town has a population of 22,000. If it grows by 8% each year, what will the population be after 2 years?

  1. 25,520
  2. 23,760
  3. 27,714
  4. 25,661

Answer

D. 25,661

Solution

22,000 × (1.08)² = 25,660.8 ≈ 25,661. (Growth is compounded, not 16% simple.)

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