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Mathematics

When the present population (P) of a certain locality increases by r% per year, the population in n years will be :

  1. P(1+r100)nP\Big(1 + \dfrac{r}{100}\Big)^n - P

  2. P(1+r100)nP\Big(1 + \dfrac{r}{100}\Big)^n + P

  3. P(1+r100)nP\Big(1 + \dfrac{r}{100}\Big)^n

  4. P(1+r100n)P\Big(1 + \dfrac{r}{100n}\Big)

Compound Interest

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Answer

For growth :

Value after n years = Present value ×(1+r100)n=P×(1+r100)n.\times \Big(1 + \dfrac{r}{100}\Big)^n = P \times \Big(1 + \dfrac{r}{100}\Big)^n.

Hence, Option 3 is the correct option.

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