The present population of a town is 1000. Population increase rate is 20% p.a. Find the population of town after 2 years?  Choose the correct choice from the following answers:
A) 1440
B) 1220
C) 1400
D) 1500
E) 1620
P = 1000   R = 20%   Required population of town = P*(1 + R/100)^T   = 1000*(1 + 20/100)^2   = 1000*(6/5)^2   = 1440(approximately)   1440nswer is 1440
<result>A</result>
The present population of a town is 1000. Population increase rate is 20% p.a. Find the population of town after 2 years?