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The population of a town is increasing a...

The population of a town is increasing at the rate of 5% per annum. What will be the population of the town on this basis after two years, if the present population is 16000?

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Population after `2 `years
=`16000(1+5/100)^2`
`=16000(21/20)^2`
`=17,640`
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