If the population of a town was 240,000 in January 1998 and it increased by...

JAMB 2000

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?

A. 480,000
B. 249,696
C. 249,600
D. 244,800

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Correct Answer: Option B

Explanation

1st year, Population = 240,000 x (2/100) = 4800.
Being the 2nd year population = 240,000 + 4800 = 244800.
Increase in Pop. in 2nd year = 244800 x (2/100) = 4896
Jan 2000, Pop. = 244800 + 4896 = 249,696

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If the population of a town was 240,000 in January 1998 and it increased by...

Correct Answer: Option B

Explanation

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