The population of a town increased from $175000$ to $262500$ in a decade. The average percent increase of population per year is?

33.33%

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8.75%

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Solution

The correct option is B 5%
Percentage increase in population in 10 years $= \frac{(262500 - 175000)}{175000} \times 100 = 50 %$
Thus, average increase in population per year = $5 %$

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