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6.Interest
medium
In year $2008,5000$ students were admitted in a college. It is found that the number of students admitted is constantly increasing by $24$ per cent per year. How many students will be admitted in the college in the year $2010 ?$
A
$7688$
B
$7868$
C
$7400$
D
$7480$
Solution
Initially, the no. of students admitted in college in 2008 were $=$ 5000
The no. of students admitted in college gets increased by $24 \%$ every year.
$= P \left[1+\frac{ r }{100}\right]^{2}\left[\begin{array}{l} P =\text { No. of students } \\ R =\text { Rate of increase }\end{array}\right]$
$=5000\left[1+\frac{24}{100}\right]^{2}= Rs .7688$
Standard 13
Quantitative Aptitude
