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MATHEMATICS

JAMB 2000 - Question 1

Mathematics 2000 JAMB Past Questions - Question 1: 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?

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

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) = 4896Jan 2000, Pop. = 244800 + 4896 = 249,696