GMAT (Graduate Management Admission Test) Question:

Download Job Interview Questions and Answers PDF

The population of a town was 3600 three years back. It is 4800 right now. What will be the population three years down the line, if the rate of growth of population has been constant over the years and has been compounding annually?

GMAT Interview Question
GMAT Interview Question

Answer:

1. 6000
2. 6400
3. 7200
4. 9600

Ans : B

Download GMAT Interview Questions And Answers PDF

Previous QuestionNext Question
If a sum of money grows to 144/121 times when invested for two years in a scheme where interest is compounded annually, how long will the same sum of money take to treble if invested at the same rate of interest in a scheme where interest is computed using simple interest method?A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year.