The population of a town increases by 5% every year. If the present population of the town is 282240, then what was the
population of the town 2 years ago?
This questions was previously asked in
SSC MTS 7th July 2022 Shift-3
Explanation:
- The town's population grows by 5% each year.
- The current population is 282,240.
- Let's find the population two years ago.
- To reverse the growth, we use the formula for decreasing population: Population two years ago = Current Population / (1 + Growth Rate)^Number of Years.
- With a 5% growth rate, we rewrite it as: Population two years ago = 282,240 / (1.05)^2.
- This calculates approximately to 256,000.
- The correct answer is Option 2: 256,000.
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By: santosh