Question

The population of a small town is increased by $\frac{15}{2}$ % per annum for two years. If the present population is $73,960$, then two years before the population was

• A. $68,000$
• B. $70,000$
• C. $64,000$
• D. $60,000$

Answer 1

Answer: (C)

$64,000$

$A=P(1+\frac{R}{100}{)}^n$

$73960=P(1+0.075{)}^2$

$\therefore P=64000$