In a ten-year period, the population of a town increased from 1,75,000 to 2,62,500. The average annual percentage increase in population is:
A. 4.37%
B. 5%
C. 6%
D. 8.75%
Answer:B
In a ten-year period, the population of a town increased from 1,75,000 to 2,62,500. The average annual percentage increase in population is:
A. 4.37% B. 5% C. 6% D. 8.75%
Explanation: In ten years, the increase is (262500 - 175000) = 87500.Increase in percent = 87500/175000 times 100 percent = 50%.The required average is 50/10%, which equals 5%.