The population of a town increases at the rate of 10% per annum. If the present population of the town is 266200, then what was the population 3 years ago?

The population of a town increases at the rate of 10% per annum. If the present population of the town is 266200, then what was the population 3 years ago? Correct Answer 200000

Let,

Population 3 years ago = x

Increase in population per annum = 10%

⇒ Population after 3 year = (1.10) (1.10) (1.10) x = 1.331x

Population after 3 year = 266200

⇒ 1.331x = 266200

∴ x = 266200 /1.331 = 200000

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