The population of a town increases every year by 4%. If

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The population of a town increases every year by 4%. If its present population is 50,000, then after 2 years it will be

1. 53,900
2. 54,000
3. 54,080
4. 54,900

Correct Option: C

Using Rule 17,
Required population

= 50000		1 +	4		²
			100

= 50000 ×	26	×	26	= 54080
	25		25