The population of a town is increasing at 5% per annum. What will be the population of the town after 2 years, if the present population is 16000?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 17640
Given that
The present population is 16000
The population of a town is increasing at 5% per annum.
Then the population of the town after 2 years = 16000 × 105/100 × 105/100
= 17640