Two years ago the population of a small town was 60,000. It increased by 5% in the first year but decreased by 10% in the second year due to a pandemic. What is its current population (after 2 years)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 56,700.
Given:
The population of a small town was 60,000
It increased by 5% in the first year and decreased by 10% in the second year
According to the question;
The population after 2 years = 60000 × 105/100 × 90/100 = 56700