If the population of a town was 240,000 in January 1998 and it increased by 2% each year, what would be the population of the town in January, 2000?
480,000
249,696
249,600
244,800
Explanation
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The Answer is C
Because as said in January 1998 there are 240,000 population
Solution
240,000 times 2% devide by 100
Equalls to 4800.
This means the 2% of this population added each year is 4800
So then lets go ahead to January 1999. We have 4800,
Then January 2000 again we have 4800.
When you total the number we've got in those 24months
Are 9600 increased in population in 2 years.
9600 +240000
=249,600
Which answer no C

1st year=240,000*2%=4800
therefore 1st year=240000+4800=244,800
2nd year=244800*2%=4896
therefore 2nd year=244,800+4896=249,696

can someone please explain to me
which one is the correct answer????
I'm totally lost




