Question 9
Ratio, Percentages and RatesThe 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.
- A.3,182
- B.3,278
- C.6,591
- D.7,515
Show the answer and explanation
Answer: B (3,278)
Explanation
Three years of 3% growth: 3000 × 1.03³ = 3278.2, about 3,278.