Question

The population of a city is 131000. If it increases by \(6\%\) in the first year and \(5\%\) in the second year, then the population of the city at the end of two years is

• A. 145800
• B. 145803
• C. 145600
• D. 145900

Hint:

For successive percentage increase: \[ \boxed{\text{Final Value}=P\left(1+\frac{r_1}{100}\right)\left(1+\frac{r_2}{100}\right)} \] Do not add the percentages directly; multiply the successive growth factors.

Answer 1

The Correct Option is B