Question: If a population of a town increases by 15% in one year and then decreases by 10% the next year, what is the net percentage change in the population over the two years?
Options:
Correct Answer: 4.5%
Solution:
Let the initial population be 100. After a 15% increase, it becomes 115. After a 10% decrease, it becomes 115 - 11.5 = 103.5. The net change is (103.5 - 100) / 100 * 100% = 3.5%.