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A town with a population of 8000 grows 5% in the first year and 5% in the second. Its population after two years is:
A8800
B8400
C8820
D8000
Answer & Solution
Correct answer: C. 8820
8000 × 1.05 × 1.05 = 8000 × 1.1025 = 8820.
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