The present population of a town is 4320. Population increase rate is 20% p.a. Find the population of town before 2 years?
Choose the correct choice from the following answers.
A) 2500	B) 2100	C) 3500	D) 3000	E) 2050
P = 4320   R = 20%   Required population of town = P/(1 + R/100)^T   = 4320/(1 + 20/100)^2   = 4320/(6/5)^2   = 3000(approximately)   Answer is 3000
<result>D</result>
The present population of a town is 4320. Population increase rate is 20% p.a. Find the population of town before 2 years?