1. The population of a industrial town was 1,20,000 two years ago. If it increased by 10% in the first year and decreased by 5% in the second year due to migration, what is the current population of the town?
A) 1,24,200B) 1,25,400C) 1,26,000D) 1,22,800
✓ Correct Answer: Option B
Explanation: <strong>Solution:</strong><br>
Initial population = 1,20,000<br>
Population after 1st year: $1,20,000 \times (1 + \frac{10}{100}) = 1,20,000 \times 1.1 = 1,32,000$<br>
Population after 2nd year: $1,32,000 \times (1 - \frac{5}{100}) = 1,32,000 \times 0.95 = 1,25,400$<br><br>
Final Answer: <strong>1,25,400</strong>