Q2 of 13 Page 93

A shepherd has 200 sheep with him. Find the number of sheeps with him after 3 years if the increase in number of sheeps is 8% every year.

Present number of sheeps (P) = 200 sheeps, Rate = 8% (p.c.p.a), Duration (n) = 3 years



3


A = 200 (1+0.08)3


A = 200 (1.08)3


A = 200 (1.259712)


∴A= 251.9424


A = 252 sheeps (Rounded off)


∴ The number of sheeps after 3 years is 252.


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