Two years ago, the population of a town was 9487500. Due to migration to big cities, it decreases every year at the rate of 8%. The present population of the town is:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 8030220.
The population of a town two years ago = 9487500
Population after 1 year = 9487500 × (92/100) = 8728500
Population after the second year = 8728500 × (92/100) = 8030220
Therefore, the present population of the town is 8030220.