25000 blood donors were registered with Red Cross in a city. The number of donors increased at the rate of 10% every 6 months. Find the total time (in years) at the end of which the total number of blood donors becomes 33275.
25000 blood donors were registered with Red Cross in a city. The number of donors increased at the rate of 10% every 6 months. Find the total time (in years) at the end of which the total number of blood donors becomes 33275.
Solution
Initial number of blood donors = 25,000
Final number of blood donors = 33,275
Rate of increase = 10% every 6 months
Since the number increases by 10% every 6 months, this follows the compound growth pattern.
Using the formula: Final Amount = Initial Amount ×
where is the number of 6-month periods.
Substituting the values:
To find , check which power of 1.1 equals 1.331:
| Power | Calculation | Result |
|---|---|---|
| ✓ |
So (meaning 3 periods of 6 months each)
Converting to years:
Total time = months = months = years
Correct Option: 4