Question : Two years ago, the population of a small town was 60,000. It increased by 5% in the first year, but due to the pandemic, it decreased by 10% in the second year. What is its present population (after the end of 2 years)?
Option 1: 56,700
Option 2: 56,900
Option 3: 3300
Option 4: 55,700
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Correct Answer: 56,700
Solution :
Population 2 years ago = 60,000
Population after increment of 5%
= $60000 × \frac{105}{100}$
= $63000$
Population after decrement of 10%
= $63000 × \frac{90}{100}$
= $56700$
Hence, the correct answer is 56,700.
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