Question Details

If the number of school going children in a town is 64000 and it is increasing annually by 10%, then what will be the number of school going children in the town at the end of 3 years?

Options

A

85000

B

85100

C

85184

D

80000

Show Answer

Correct Answer :

Option C

85184

Solution :

The correct option is 85184.

Let's solve the problem step-by-step using the formula for compound growth, which is similar to the compound interest formula.

We are given the following values:
- Initial number of school-going children, P=64000
- Annual growth rate, R=10%
- Time period, n=3 years

The formula to find the population after n years at an annual growth rate of R is:

A=P1+R100n

Substitute the given values into the formula:

A=64000×1+101003

Simplify the term inside the brackets:

1+10100=1+0.1=1.1

Now, calculate the expression with the exponent:

A=64000×1.13

Evaluate 1.13:

1.13=1.1×1.1×1.1=1.331

Multiply the initial population by the growth factor:

A=64000×1.331

A=64×1331

A=85184

Thus, the number of school-going children in the town at the end of 3 years will be 85184.

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