If the population of a town was 240,000 in January 1998 and it increased by 2% each year, what would be the population of the town in January, 2000?

  • A 480,000
  • B 249,696
  • C 249,600
  • D 244,800
jamb 1999mathematics

The correct answer is B. 249,696

The population of the town in January 2000 can be calculated by taking into account the 2% annual increase from the initial population of 240,000 in January 1998.

After one year (in January 1999), the population would be:

240,000 * (1 + 0.02) = 244,800

After two years (in January 2000), the population would be:

244,800 * (1 + 0.02) = 249,696

So, the population of the town in January 2000 would be 249,696.

Therefore, the correct option is B. 249,696.

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