Given below are two statements: Assertion (A): Population of a city increases by \(10\%\) every year. If its present population is \(2\) Lacs, its population after \(3\) years will be \(2,66,200\). Reason (R): If population of a city is \(P\) and it increases by \(R\%\) annually, then population after \(n\) years is \(P\left(1+\frac{R}{100}\right)^n\).