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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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