Question

The population of a town is increasing at the rate of 8 percents per annum. What will be the population of the town after two years if the present population is rupees 12500

Answer 1

(8/100)×12500= 1000

population after one year 12500+1000=13500

(8/100)×13500=1060

population after two years 13500+1060=14560