To solve this problem, we need to apply the formula for compound interest, which is also used to calculate population growth. The formula is:

P' = P * (1 + r/100)^n

where:
P' is the new population,
P is the initial population,
r is the rate of increase, and
n is the number of years.

Given in the problem:
P = 160,000 (initial population)
r = 6% (rate of increase per annum)
n = 2 years

Substituting these values into the formula, we get:

P' = 160,000 * (1 + 6/100)^2
P' = 160,000 * (1.06)^2
P' = 160,000 * 1.1236
P' = 179776

So, the population of the city 2 years hence will be approximately 179776. Therefore, the correct answer is 179776.

Question

To solve this problem, we need to apply the formula for compound interest, which is also used to calculate population growth. The formula is:

P' = P * (1 + r/100)^n

where:
P' is the new population,
P is the initial population,
r is the rate of increase, and
n is the number of years.

Given in the problem:
P = 160,000 (initial population)
r = 6% (rate of increase per annum)
n = 2 years

Substituting these values into the formula, we get:

P' = 160,000 * (1 + 6/100)^2
P' = 160,000 * (1.06)^2
P' = 160,000 * 1.1236
P' = 179776

So, the population of the city 2 years hence will be approximately 179776. Therefore, the correct answer is 179776.

Knowee AI · Accepted Answer

To solve this problem, we need to apply the formula for compound interest, which is also used to calculate population growth. The formula is:

P' = P * (1 + r/100)^n

where:
P' is the new population,
P is the initial population,
r is the rate of increase, and
n is the number of years.

Given in the problem:
P = 160,000 (initial population)
r = 6% (rate of increase per annum)
n = 2 years

Substituting these values into the formula, we get:

P' = 160,000 * (1 + 6/100)^2
P' = 160,000 * (1.06)^2
P' = 160,000 * 1.1236
P' = 179776

So, the population of the city 2 years hence will be approximately 179776. Therefore, the correct answer is 179776.

Select the correct answerThe population of a city is 160,000.If it increases at the rate of 6% per annum, then what will be its population 2 years hence?Options10000001797762580000NONEFinish ClearPrev Next