The present population of a town is 3744. Population increase rate is 20% p.a. Find the population of town before 2 years?
Select the correct option.
A) 2500 B) 2600 C) 3500 D) 3600 E) 2050
P = 3744   R = 20%   Required population of town = P/(1 + R/100)^T   = 3744/(1 + 20/100)^2   = 3744/(6/5)^2   = 2600(approximately)   Answer is 2600
<result>B</result>
The present population of a town is 3744. Population increase rate is 20% p.a. Find the population of town before 2 years?