The present population of a town is 300. Population increase rate is 10% p.a. Find the population of town after 1 years?  Choose the correct answer
A) 100	B) 120	C) 200	D) 220	E) 330

Rationale: p = 300 r = 10 % required population of town = p * ( 1 + r / 100 ) ^ t = 300 * ( 1 + 10 / 100 ) = 300 * ( 11 / 10 ) = 330 answer is e
Answer: E