Math Problem Statement
The population of a village has increased annually at the rate of 25%. If at the end of 3 years it is 10,000, the population in the beginning of the first year
Solution
To find the population at the beginning of the first year, we can use the formula for compound interest, which is applicable to population growth:
Where:
- is the initial population (what we are solving for).
- is the population at the end of years.
- is the annual growth rate (expressed as a decimal).
- is the number of years.
Given:
- (population at the end of 3 years),
- ,
- years.
Now, substitute the values into the formula:
Calculate the denominator:
Thus:
So, the population at the beginning of the first year was approximately 5,120 people.
Would you like any further details or have any questions?
Here are some related questions to consider:
- What would the population be at the end of 4 years with the same growth rate?
- How does the population change if the growth rate drops to 20% annually?
- What is the formula for continuous population growth?
- How would the population change if instead of increasing, it decreased by 10% annually?
- How long would it take for the population to double with a 25% annual growth rate?
- What is the effect of compound interest in financial contexts compared to population growth?
- How can you model a population that grows at different rates in different years?
- What are some real-life factors that might cause a population to grow at a constant annual rate?
Tip: When dealing with percentage increases or decreases, always convert the percentage to a decimal before performing calculations.
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Math Problem Analysis
Mathematical Concepts
Compound Interest
Exponential Growth
Formulas
Compound interest formula P = A / (1 + r)^n
Theorems
-
Suitable Grade Level
High School
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