The present population of a town is 1000. Population increase rate is 25% p.a. Find the population of town after 2 years? Options.
A) 1000  B) 2000  C) 1563  D) 2153  E) 1245
P = 1000   R = 25%   Required population of town = P(1 + R/100)^T   = 1000(1 + 25/100)^2   = 1000(5/4)^2   = 1563(approximately)   Answer is 1563
<result>C</result>
The present population of a town is 1000. Population increase rate is 25% p.a. Find the population of town after 2 years?