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Two years ago, the population of the city was 5,00,000. If the annual birth rate and the annual death rate are 6% and 3%. respectively, what is the pr
Question

Two years ago, the population of the city was 5,00,000. If the annual birth rate and the annual death rate are 6% and 3%. respectively, what is the present population of the city?

A.

536440

B.

580440

C.

530450

D.

540550

Correct option is C

Population of the city = 500000
Birth rate = 6% ; death rate = 3%
Present population = past population (1 + R%)T
R = rate% ; T = time
Effective rate = 6 - 3 = 3%
Present population = past population (1 + R%)T
500000 × (1 + 3%)2
500000 × 103% × 103%
530450

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