Compound Interest Practice Test 4

Question : 9 of 40

Marks: +1, -0

The population of a town is 198000. It increases by 7% in the Ist year and decreases by 5% in the IInd year. What is the population of the town at the end of 2 years?

198900
201267
211860
222453

Validate

Solution:

Required population

=19800(1+7/100)(1-5/100)

=19800×107/100×19/20=201267

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