The population of a village decreases every year at the rate of 3%. If the present population is 28227, what was the population of the village two years ago?
Answer & explanation
Correct answer: option 2
Population 2 years ago = x
x × \(\frac{97}{100}\) × \(\frac{97}{100}\) = 28227
x = 28227 × \(\frac{100}{97}\) × \(\frac{100}{97}\)
x = 30000