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Question

If a company hires people at a rate such that there is an annual increase of 5% in the total number of employees. The total number of employees presently is 57600.
What is the total number of employees working in the company after 2 years?


  1. 10125

  2. 10625

  3. 15025

  4. 10705

  5. 11025


Solution

The correct option is E

11025


The total number of employees working after 2 years =57600×(1+5100)2 =63504

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