The population of a place increased to 50,000 from 2016 to 2018 at a rate of 6% per annum, and this growth rate continued for the next 3 years. If A i...

Question

The population of a place increased to 50,000 from 2016 to 2018 at a rate of 6% per annum, and this growth rate continued for the next 3 years. If A is the population in 2016 and B is the population in 2020, both rounded to the nearest integer, what is the value of B - A?

Options

A.

11680

B.

13220

C.

16270

D.

12850

population growthcompound interestpercentage increaseapproximation

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