The population of a village is 5000 and it increases at the rate of 2% every year. After 2 years, the population will be:

Solution (By Examveda Team)

$$\eqalign{ & {\text{Population after two years}}, \cr & = 5000 \times {\left[ {1 + {\frac{2}{{100}}} } \right]^2} \cr & = 5202 \cr & {\text{Alternatively}}, \cr & 5000 = = 2\% \uparrow \Rightarrow 5100 = = 2\% \uparrow \Rightarrow 5202 \cr} $$