The population of a town increased from 1,75,000 to 2,97,500 in a decade. The average percent increase of population per year is	Choose the correct choice from the following:
A) 4.37%
B) 5%
C) 6%
D) 8.75%
E) 7%
Solution   Increase in 10 years	= (297500 - 175000)= 
<gadget id="calculator">(297500 - 175000)</gadget>
<output>122_500</output>
122500   Increase%= (122500/175000Ã—100)%   = 70%.   Required average	= (70/10)= 
<gadget id="calculator">(70/10)</gadget>
<output>7</output>
7%.   Answer 7%
<result>E</result>
The population of a town increased from 1,75,000 to 2,97,500 in a decade. The average percent increase of population per year is