If the population of a town increases 5% per year . and the present population is 514700 then what would be the population in next year?
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Answer: Old population = 514700
∴New population = (5% of 514700) + 514700
⇒ (5 x 514700 / 100) + 514700
⇒ (5 x 5147) + 514700
⇒ 514700 + 25735
⇒ 540435
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