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?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 5%
Calculations:
Population increase over the decade = 262500 - 175000 = 87500
Required percentage increase over the decade = (87500/175000) × 100 = 50%
Annual percentage increase = 50%/10 = 5%