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The population of a town 2 years ago was 62500. Since some people migrate to different cities the number of people decreases every year at the rate of 4% per annum. Find its present population. [4 MARKS]

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The population of a town 2 years ago was 62500. Since some people migrate to different cities the number of people decreases every year at the rate of 4% per annum. Find its present population. [4 MARKS]



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