The present population of a town is 2000. Population increase rate is 20% p.a. Find the population of town after 1 years?  Choose the correct choice from the following
A) 1000  B) 2400  C) 1500  D) 1600  E) 1250
P = 2000   R = 20%   Required population of town = P(1 + R/100)^T   = 2000(1 + 20/100)   = 2000(6/5)   = 2400   Answer is 2400
<result>B</result>
The present population of a town is 2000. Population increase rate is 20% p.a. Find the population of town after 1 years?