Question

The population of a town 2 years ago was 62500. Due to migration to big cities,it decreases every year at the rate of 4%. The present population of the town is

Answer 1

60025 is the right answer.

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Answer 2

Answer:

P= 62500

R= 4%

S.I.= P*R*T/100

S.I.= 62500*4*2/100

S.I.= 500

Amount= S.I. + P

Amount= 500+62500

Amount= 63000

C.I.= Amount - Principal

C.I.= 63000-62500

C.I.= 500