The present population of a town is 26010. It increases annually at the rate of 2%. What was the population of town 2 years ago?

Correct answer is: option 1

.Let the business man’s
present earning be Rs. x.
According to the question,
= $x\times\frac{96}{100}\times\frac{96}{100}\times\frac{125}{100}\times\frac{96}{100}\times\frac{125}{100}$
= 72000
x = $\frac{72000\times5}{9}$ = Rs 40000