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Indian Economy - Understanding the basics of Indian economic system

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The population of a town is 16500.During the last 3 years,the population increased at the rate of 20% per year.The population 3 years ago was

9546

9547

9548

9549

Explanation:

16500 / {1+(20/100)}3
= (16500×10×10×10)/(12×12×12)
= 9548.6 = 9549

By: Sandeep Dubey

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