Tick the correct answer in each of the following:
The annual rate of growth in population of a town is 10%. If its present population is 33275. What was it 3 years ago?
(a) 25000 (b) 27500 (c) 30000 (d) 26000
Rate of growth in population (R) = 10%Present population = 33275∴ Population 3 years ago = A÷(1+R100)n=33275÷(1+10100)3=33275÷(1110)3=33275×1011×1011×1011=25000 (c)