The present population of town is 50000. If the population increases at the rate of 5% per annum, what will be its population after 2 years.
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Answer:
Present population=50,000
Next year's population= 50,000+(5/100)*50,000=50,000+2,500=52,500
Second year from now's population=52,500+(5/100)*52,500=55,125
Answer is 52,125
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