The population of a town is $352800$. If it grows at $5\%$ per year, its population after $2$ years will be:
Practice this question from Chapter Mock 3: Percentage, with options and an explanation.
Question
The population of a town is $352800$. If it grows at $5\%$ per year, its population after $2$ years will be:
Option A
370440
Option B
381024
Option C — Correct answer
388962
Correct choice.
Option D
392040
Explanation
Population after $2$ years $=352800\times1.05^2=352800\times\frac{21}{20}\times\frac{21}{20}=388962$.