The population of a town is 176400. If it increase at the rate of 5% per annum. What was its population 1 year ago?	Choose the correct choice from the following answers:  A) 152460  B) 214560  C) 168000  D) 210000  E) 200000
population 2 years ago = 176400/(1 + 5/100)   Answer is 168000
<result>C</result>
The population of a town is 176400. If it increase at the rate of 5% per annum. What was its population 1 year ago?