The population of a country has been growing at a rate of 4% every decade. If the projected population of the country in 2030 is given as 1,58,18,400, what was the population of the country in 2000?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 1,40,62,500
According to the question,
A = P(1 + 4%)3
⇒ 15818400 = P(1 + 0.04)3
⇒ P(1.04)3 = 15818400
⇒ P = 15818400/ 1.124864
⇒ P = 14062500