Two years ago, the population of the city was 5,00,000. If the annual birth rate and the annual death rate are 6% and 3%, respectively, what is the present population of the city?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 530450.
Net growth rate = 6% - 3% = 3%
Present population = 500000 × (103/100) × (103/100) = 530450