The population of a country doubled every 10 years from 1950 to 1980. What was the percent increase in population during this time?

Review the verified answer and explanation for this Audit past-paper question on CampusFin.

The population of a country doubled every 10 years from 1950 to 1980. What was the percent increase in population during this time? Answer: 700%

Step 1: Calculate the population increase over time Let the initial population in 1950 be represented by 𝑃0. The population doubles every 10 years for a total of 30 years (from 1950 to 1980). This means the population doubles three times. • In 1960, the population was 2𝑃0. • In 1970, the population was 2×(2𝑃0)=4𝑃0. • In 1980, the population was2×(4𝑃0)=8𝑃0. The final population is 8 times the initial population. Step 2: Calculate the percent increase To find the percent increase, use the formula: Percent Increase=Final Population/Initial PopulationInitial Population×100 Plugging in the values from Step 1: Percent Increase=8𝑃0−𝑃0/𝑃0×100 Percent Increase=7𝑃0/𝑃0×100 Percent Increase=7×100=700 Answer: The percent increase in population during this time was 700%.

Question context

This question is part of 📏 Arithmetic Aptitude within the broader 🧠 Aptitude Mastery subject and appears in the Audit preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.