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The population of a town decreases at the rate of 5% every year. If the population of the town 2 years from now would be 902500, then what is the population of the town at present?

A.	1000000	B.	995000
C.	814500	D.	947625

Answer and Explanation

Answer:1000000

Explanation:
Explanation:
Population after 2 years = Present Population ( 1 – r1/100) (1 – r2/100)
P(1 – 5/100) (1 – 5/100) = 902500
P = 1000000

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