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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?
8%
3%
5%
10%
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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