The population of a certain village is 62,500. What will its population be after 3 years if it increases geometrically at a rate of 4% annually?
Q1. The population of a certain village is 62,500. What will its population be after 3 years if it increases geometrically at a rate of 4% annually?
Answer: 70304
Explanation: Population after 3 years = 62500 × (1.04)³ = 62500 × 1.124864 = 70,304.