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Compound Interest Questions: Solved 161 Compound Interest Questions and answers section with explanation for various online exam preparation, various interviews, Aptitude Category online test. Category Questions section with detailed description, explanation will help you to master the topic.

Compound Interest Questions

161. The population of a town is 196000. It increases by 7% in the 1st year and decreases by 5% in the 2nd year. What is the population of the town at the end of 2 years? What is the population of the town at the end of 2 years?

Correct Ans:199234
Initial population is 196000

Increases by 7% => New population = (107/100) x 196000

Population after 1 year = 209720

Population decreases by 5%,

New population = (95/100) x 209720 = 199234

Population after 2 years will be 199234

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