1) Population of a city decreases by 3% of the initial at the beginning of every year. If the present population is 1,25,000. What will be the population after 2 years ? A) 1,17,600 B) 1,17,610 C) 1,17,000 D) 1,17,611 E) 1,17,613 Answer: Option EExplanation:$A$ $=P\left[\left(1-\frac{R}{100}\right)^{n}\right]$ =$125000\left(1-\frac{3}{100}\right)^{2}$ $=125000\times\frac{97}{100}\times\frac{97}{100}$ = 1,17,613
