Time value of money

Sriram Somayajula Admin

take 1.02 and keep multiplying it by 1.02 on the calculator till you reach 1.40

Swetha S

Itâ??s 17 times

Swetha S

Lets assume that the initial population was P now after a year population will be = P+(2/100)P =P(102/100) =1.02P Similarly after 2 years population will be =1.02x1.02xP So after n number of years population will be =P x (1.02^n) now this population should be equal to P+40%P, so 1.4P=P x (1.02^n) 1.4=1.02^n 1.02^17=1.02^n so n=17 that means after 17 years the total increase in the population will be 40% of that of initial population.

Swetha S

Itâ??s 17 times

shalu Muthukumar

It would come to 17 times