The population of a town increases by 8% annually. If the present population is 45,000, what will be its population after 2 years?
Show answer & explanation
Correct answer: A
Explanation
The correct ansnwer is option 1 i.e. 52,488
Population after 2 years = 45000 × (1 + 0.08)2 = 45000 × 1.1664 = 52488