If a town of 25,000 people is growing at a rate of approx. 1% per year, the population of the town in 5 years will be closest to?
Choose the correct choice
A) 26000  B) 27000  C) 28000  D) 29000  E) 30000
Let population in the beginning = 100   at the end of 1st year population = 100+1% of 100 = 100+1= 
<gadget id="calculator">100+1</gadget>
<output>101</output>
101   at the end of 2nd year population= 101+1% of 101 = 101+1= 
<gadget id="calculator">101+1</gadget>
<output>102</output>
102 approx (on the lower side because 1% of 101 is greater than 1)   at the end of 3rd year population= 102+1% of 102 = 102+1= 
<gadget id="calculator">102+1</gadget>
<output>103</output>
103 approx (on the lower side because 1% of 102 is greater than 1)   at the end of 4th year population= 103+1% of 103 = 103+1= 
<gadget id="calculator">103+1</gadget>
<output>104</output>
104 approx (on the lower side because 1% of 103 is greater than 1)   at the end of 5th year population= 104+1% of 104 = 104+1= 
<gadget id="calculator">104+1</gadget>
<output>105</output>
105 approx (on the lower side because 1% of 104 is greater than 1)   i.e. 5% greater than 25000= 25000+5% of 25000 = 25000+1250= 
<gadget id="calculator">25000+1250</gadget>
<output>26_250</output>
26250 (on the lower side)   i.e. Population must be greater than 26250 but since the closest option is 26000 so   26000nswer: option 26000
<result>A</result>
If a town of 25,000 people is growing at a rate of approx. 1% per year, the population of the town in 5 years will be closest to?