Allied & ICAR Exam Bank • ALLIED_2392 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

The population of a city grows at 10% per annum for the first two years and then decreases by 5% in the third year. The overall percentage growth over the three-year period is:

Options:

  • (A) 14.95%
  • (B) 15.00%
  • (C) 14.50%
  • (D) 15.50%

Answer Key:

A

Step-by-Step Solution & Explanation

Growth factor $= (1.10)^2 \times 0.95 = 1.21 \times 0.95 = 1.1495$, which represents 14.95% growth.
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