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    PracticeAQA GCSEAQA GCSE Maths Higher Tier Paper 3 CalculatorQuestion 12
    Medium4 marksStructured
    Ratio Proportion and Rates of ChangeHigherRatio Proportion and Rates of ChangePercentagesCompound Interest

    AQA GCSE · Question 12 · Ratio Proportion and Rates of Change

    The population of a country is now 67,200,000.
    The population is predicted to:

    • increase by 1% per year for 6 years
    • and then decrease by 1.2% per year for 2 years.
      Work out the predicted population of the country 8 years from now. Give your answer to 3 significant figures.

    How to approach this question

    1. Determine the multiplier for a 1% increase. 2. Apply this multiplier for 6 years to the initial population using powers. 3. Determine the multiplier for a 1.2% decrease. 4. Take the result from step 2 and apply the decrease multiplier for 2 years. 5. It is best to do this as a single calculation to avoid rounding errors. 6. Round your final answer to 3 significant figures.

    Full Answer

    This is a compound percentage change problem. We can solve it by using multipliers. Step 1: Find the multiplier for the 1% increase. An increase of 1% means we have 100% + 1% = 101% of the original amount. As a decimal, this is 1.01. Step 2: Find the multiplier for the 1.2% decrease. A decrease of 1.2% means we have 100% - 1.2% = 98.8% of the original amount. As a decimal, this is 0.988. Step 3: Set up the calculation for the 8-year period. The population starts at 67,200,000. It increases by 1% for 6 years, so we multiply by (1.01)⁶. Then it decreases by 1.2% for 2 years, so we multiply by (0.988)². The full calculation is: Final Population = 67,200,000 × (1.01)⁶ × (0.988)² Step 4: Calculate the result. Final Population = 69,631,833.108... Step 5: Round to 3 significant figures. The first three significant figures are 6, 9, and 6. The fourth digit is 3, which is less than 5, so we round down. Final Population ≈ 69,600,000.

    Common mistakes

    ✗ Using simple interest instead of compound interest (i.e., calculating 6% increase and 2.4% decrease and applying them once). ✗ Incorrect multipliers, e.g., using 0.01 instead of 1.01, or 1.2 instead of 0.988. ✗ Rounding the answer prematurely after the first 6 years. ✗ Incorrectly rounding to 3 significant figures, e.g., writing 69.6 or 69,632,000.
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