The present population of a town is 4032. Population increase rate is 20% p.a. Find the population of town before 2 years?	Choose the correct choice: A) 2500 B) 2800 C) 3500 D) 3600 E) 2050
P = 4032   R = 20%   Required population of town = P/(1 + R/100)^T   = 4032/(1 + 20/100)^2   = 4032/(6/5)^2   = 2800(approximately)   Answer is 2800
<result>B</result>
The present population of a town is 4032. Population increase rate is 20% p.a. Find the population of town before 2 years?