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Population of a town increase 2.5% annually but is decreased by 0.5 % every year due to migration. What will be the percentage increase in…

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Population of a town increase 2.5% annually but is decreased by 0.5 % every year due to migration. What will be the percentage increase in 2 years?
  • A5
  • B4.04
  • C4
  • D3.96
Correct answer: B
0
CCommunity
4.04

NA
0
CCommunity
Solution:

Given: Population of the town increases 2.5% annually and decrease 0.5% per year due to migration.

So, the net increase in population = 2.5% - 0.5%

= 2% every year

Let the original population be 100.

After 1 year population would increase to,

=> 100 + 2% of 100

= 100 + 2

= 102

In the 2nd year the population would increase to,

= 102 + 2% of 102

= 102 + 2.04

= 104.04

So, by the end of two years the population is increased to,

= 104.04 - 100

= 4.04

Increased Percentage = (4.04/100) × 100

= 4.04 %

So, the correct option is B). 4.04