The annual rate of growth in the population of a certain city is 8% if it's present population is 196380. What was it 3 years ago?
Given:
The annual rate of growth in the population of a certain city is 8%.
The present population of the city is 196380.
To do:
We have to find the population of the city 3 years ago.
Solution:
Let the population of the city 3 years ago be x.
This implies,
$x(1+\frac{8}{100})^3=196380$
$x(\frac{108}{100})^3=196380$
$x=196380\times(\frac{25}{27})^3$
$x=10\times15625$
$x=156250$
The population 3 years ago was 156250.
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