Arithmeticeasy · Past Paper

If a population grows by 2% every year, what formula represents the population after T years?

APt = Po(1 - R/100)^T
BPt = Po(1 + R/100)^T
CPt = Po + (Po*T*R)/100
DPt = Po * R * T

✓ Correct Answer: BPt = Po(1 + R/100)^T

Population growth follows the compound interest formula for appreciation.

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