A town has a population growth rate of 10% per year. The population in 1990 was 2000. What was the population in 1992?
Answer: 2420
Explanation
Population in 1990 = 2000
Population in 1991 = 2000 * 1.1 = 2200
Population in 1992 = 2200 * 1.1 = 2420
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