The population of a city was 12,50,000 in the year 2010. It increased at the rate of 2% per annum during the years 2011 and 2012. In the year 2013, it decreased by 1%. Find the population of the city at the end of 2013.
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Correct answer: D
Explanation
The correct answer is option 4 i.e. 12,87,495 .
Initial population in 2010 = 12,50,000
2011: Increase by 2%
Population = 1250000 × 1.02 = 1275000
2012: Increase by 2%
Population = 1275000 × 1.02 = 1300500
2013: Decrease by 1%
Population = 1300500 × 0.99 = 1287495