The population of a town increases at the rate of 20% during one year and it decreases at the rate of20% during the second year. If it has 57,600 inhabitants at present, find the number of inhabitants two years ago.
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Let the population two years ago be = x
According to the question, 38400=1.20×0.80×x
x=
0.96
38400
=40,000
Hence, population two years ago was 40,000.
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