The present population of a village is 50,000. Due to migration to cities, the population decreases at a rate of 5% every year. Find the population of the village after 2 years.
Show answer & explanation
Correct answer: C
Explanation
The Correct answer is Option 3 i.e. 45125.
The present population of the village = 50000
Decrease in rate = 5%
Let, the population of the village after 2 years be x
⇒ 50000 × 95/100 × 95/100 = x
⇒ x = 45125