Q.If the population of a village is \(P\) and the annual population growth rate is \(2r\%\), then the population after \(n\) years will be: (a) \(P\left(1+\cfrac{r}{100}\right)^n\) (b) \(P\left(1+\cfrac{r}{50}\right)^n\) (c) \(P\left(1+\cfrac{r}{100}\right)^{2n}\) (d) \(P\left(1-\cfrac{r}{100}\right)^n\)
Answer: B
If the population of a village is \(P\) and the annual population growth rate is \(2r\%\), then after \(n\) years, the population will be:
\(=P\left(1+\cfrac{2r}{100}\right)^n\) people
\(=P\left(1+\cfrac{r}{50}\right)^n\) people
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