Question:
The present population of a town is 26010. It increases annually at the rate of 2%. What was the population of the town 2 years ago?
A25000
B25100
C25200
D25500
Answer:
A. 25000
Explanation:
present population = 26010 2 years ago, the population was P, then P(1+r/100)²=26010 P(1+2/100)²=26010 P = 25000