The population of a city increases at the rate of 4% per annum. There is an additional annual increase of 1% in the population due to the influx of job seekers. Therefore, the % increase in the population after 2 years will be :  Select:
A) 10 B) 10.25 C) 10.55 D) 10.75 E) None of these
The net annual increase = 5%.   Let the initial population be 100.   Then, population after 2 years = 100 × 1.05 × 1.05   = 110.25   Therefore, % increase in population   = (110.25 – 100) = 10.25% Answer 10.25
<result>B</result>
The population of a city increases at the rate of 4% per annum. There is an additional annual increase of 1% in the population due to the influx of job seekers. Therefore, the % increase in the population after 2 years will be :