Question

The present population of town is $12500$ and it is increasing at the rate of $8\%$ per annum. What will be the population of town after two years?

• A. $14000$
• B. $12500$
• C. $14580$
• D. $25000$

Answer 1

The correct option is C $14580$

Given, present population of town $=12500,R=8\%$

Therefore, population after $2$ years $=12500\times {\left\{\begin{array}{c}1+\frac{8}{100}\end{array}\right\}}^2$

$=12500\times {\left\{\begin{array}{c}\frac{108}{100}\end{array}\right\}}^2$

$=14580$