The present population of a town is 220. Population increase rate is 10% p.a. Find the population of town after 1 years?	Choose the correct answer:
A) 100
B) 120
C) 200
D) 242
E) 250
P = 220   R = 10%   Required population of town = P*(1 + R/100)^T   = 220*(1 + 10/100)   = 220*(11/10)= 
<gadget id="calculator">220*(11/10)</gadget>
<output>242</output>
242   Answer is 242
<result>D</result>
The present population of a town is 220. Population increase rate is 10% p.a. Find the population of town after 1 years?