Multiple Choice Questions on In a decade a town 39 s population grew from 1 75 000 to 2 62 500 What is the average annual percent........... for SSC CHSL Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    In a decade, a town's population grew from 1,75,000 to 2,62,500. What is the average annual percentage increase in population?

    This questions was previously asked in
    SSC CHSL 30th May 2022 Shift-1

    8%

    Incorrect Answer

    3%

    Incorrect Answer

    5%

    Correct Answer

    10%

    Incorrect Answer
    Explanation:

    To find the average percent increase of the population per year, we can follow these steps:

    Step 1: Calculate the total increase in population over the decade.
    - Initial population = 1,75,000
    - Final population = 2,62,500
    - Total increase = Final population - Initial population
    - Total increase = 2,62,500 - 1,75,000 = 87,500

    Step 2: Calculate the percentage increase over the decade.
    - Percentage increase = (Total increase / Initial population) × 100
    - Percentage increase = (87,500 / 1,75,000) × 100

    Step 3: Simplify the percentage increase calculation.
    - Percentage increase = (87,500 / 1,75,000) = 0.5
    - Percentage increase = 0.5 × 100 = 50%

    Step 4: Calculate the average percent increase per year.
    - Since this increase happened over 10 years, we divide the total percentage increase by 10.
    - Average percent increase per year = Total percentage increase / Number of years
    - Average percent increase per year = 50% / 10 = 5%

    Conclusion:
    The average percent increase of the population per year is 5%.

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