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The population of a village is 5000 and it increases at the rate of 2% every year. After 2 years, the population will be:

a) 5116
b) 5202
c) 5200
d) 5204

Answer: b
Explanation:
$$\eqalign{ & {\text{Population after two years}}, \cr & = 5000 \times {\left[ {1 + {\frac{2}{{100}}} } \right]^2} \cr & = 5202 \cr} $$

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