Step 2
Population after Year 2
= 55,000 × (1 + 20/100)
= 55,000 × 1.20
= 66,000
Alternative Direct Method:
= 50,000 × 1.10 × 1.20
= 50,000 × 1.32
= 66,000
COMMON MISTAKE:
Students add percentages directly: 10% + 20% = 30%, then calculate 50,000 × 1.30 = 65,000. This is WRONG because the 20% applies to the increased population, not the original. Always multiply the factors for each year.