The population of a town is 7500. It increases by 15% during the first year and by 8% during the second year. What will be the population after two years?
Answer & explanation
Correct answer: option 1
15% = \(\frac{3}{20}\)
8% = \(\frac{2}{25}\)
New population = 7500 × \(\frac{23}{20}\) × \(\frac{27}{25}\) = 9315