Question : The population of the village was 12,000 two years ago. If it increased by 2.5% and 3%, respectively, in the last two years, then what is the present population of the village?
Option 1: 12,669
Option 2: 12,607
Option 3: 12,652
Option 4: 12,731
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Correct Answer: 12,669
Solution :
The population of a village two years ago = 12,000
Percentage increase in each year = 2.5% and 3%
$\therefore$ Current population $=12000 × \frac{102.5}{100} × \frac{103}{100} = 12669$
Hence, the correct answer is 12669.
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