AP EAMCET202021 Sep 2020Evening ShiftMathematicsApplication of DerivativesActual
The population of a city grows at the annual rate of (3 % ). What percentage increase is expected in (5 yr ) ?
Options
- A(12.9 % )
- B(13.9 % )
- C(14.9 % )
- D(15.9 % )
Correct answer
D. (15.9 % )
Step-by-step solution
Let the population in begining is (P₀ ), then according to the question percentage increase in 5 yr expected is ( aligned P₀ (1+ 3 100 )^5-P₀ P₀ 100 & = [ ( 103 100 )^5-1 ] 100 & = [(1.03)^5-1 ] 100 & =[1.159-1] 100=15.9 % aligned ) Hence, option (d) is correct.