The present population of a city is 92,61,000. If it has been increasing at the rate of 5% per annum, find its population 3 years ago.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 80,00,000
Let the population 3 years ago be P
Increasing Rate (R) = 5%
Time period (T) = 3 years
Present population = 9261000
According to the question -
P{1 + R/100}T = 9261000
P{1 + 5/100}3 = 9261000
P = (9261000 × 20 × 20 × 20)/(21 × 21 × 21)
P = 80,00,000