The annual increase in percentage of a population is 5% and the present number of people is 16,000. What will be the population in three years?

Given:  

Present total population = 16000

Percentage of increment every year = 5% 

Formula Used: ​

Increased population = $$\text{Present Population} \times \left( 1 + \frac{\text{Percentage increase}}{100} \right)^n$$ 

where, n = number of years 

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