The population of a town increases by 5% every year. If the present population of the town is 282240, then what was the population of the town 2 years ago?

266000 256000 228000 225000

256000

5% = \(\frac{1}{20}\)  Let population 2 years ago = P According to question, P × \(\frac{21}{20}\) × \(\frac{21}{20}\) = 282240 P = 282240 × \(\frac{20}{21}\) × \(\frac{20}{21}\) = 256000