The population of a village is 12,000. If it increases by 10% the first year and decreases by 5% the next year, what is the population after 2 years?
Show answer & explanation
Correct answer: B
Explanation
Initial population = 12,000
New population after a 10% increase in the first year = 12,000 × 110/100
= 13,200
New population after a 5% decrease in the second year
= 13,200 × 95/100
= 12,540