The population of a town first decreased by 16% due to migration to a big city for better job opportunities. The next year, the population of the town increased by 21% as there were better facilities for jobs. What is the net percentage change (correct to 2 decimal places) in the population?
1
Decrease by 2.54%
2
Increase by 1.64%
3
Increase by 2.54%
4
Decrease by 1.64%