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The population of a town increased from 1,75,000 to 2,62,500 in a decade. The average percent increase of population per year is:

4.37%
5%
6%
8.75%

Correct Answer: 5%

Explanation:

Increase in 10 years = (262500 - 175000) = 87500.

Increase% =	❨	87500	x 100	❩% = 50%.
		175000

∴ Required average =	❨	50	❩% = 5%.
		10

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