QuestionWAECGeneral Maths2024ObjectiveCommercial arithmeticCommercial arithmetic
The population of a town increases by 3% every year. In the year 2000, the population was 3,000. Find the population in the year 2003.
Worked solution (try it first)
Each year the population is multiplied by
1.03, and 2000 to 2003 is 3 years.
So the population is
3000×1.033=3000×1.092727, which is 3278.18.
To the nearest person, 3,278, option B.
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