The population of a town increased from 1,75,000 to 2,62,500 in a decade. The average percent increase of population per year is:

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Question:
The population of a town increased from 1,75,000 to 2,62,500 in a decade. The average percent increase of population per year is:

[A].

4.37%

[B].

5%

[C].

6%

[D].

8.75%

Answer: Option B

Explanation:

Increase in 10 years = (262500 – 175000) = 87500.

Increase% = 87500 x 100 % = 50%.
175000
Required average = 50 % = 5%.
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