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By Compound Interest Mathematics Mcqs No Comments

The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is_________?

A. 10
B. 11
C. 10.25
D. 10.15

Explanation:

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100
5 —- I
5
0.25 — II
———–
10.25%

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