Question

The population of the town increased from 175000 to 262500 in a decade. What is the average percent increase of population per year?

Answer 1

Answer:

5%

Step-by-step explanation:

As given,

The population of the town increased from 175000 to 262500 in a decade.

⇒ In 10 years , population increased from 175000 to 262500

⇒% increase = $\frac{262500 - 175000}{175000}$× 100% = $\frac{87500}{175000}$×100% = 0.5×100% = 50%

Now,

Average % increase = $\frac{percent increase}{Total years}$ = $\frac{50}{10}$% = 5%

∴ we get

Average percent increase of population per year = 5%