This question involves calculating the difference between the population of a town at two different points in the past, given its current population and a constant annual growth rate. We need to determine the population figures for 3 years ago and 2 years ago and then find the difference between them.
The formula to calculate the population in the past, given the current population and a constant growth rate, is derived from the compound growth formula:
$$ P_{past} = \frac{P_{current}}{(1 + r)^t} $$
Where:
Given:
Using the formula:
$$ P_{-2 \text{ years}} = \frac{2,50,000}{(1 + 0.25)^2} $$
$$ P_{-2 \text{ years}} = \frac{2,50,000}{(1.25)^2} $$
$$ P_{-2 \text{ years}} = \frac{2,50,000}{1.5625} $$
$$ P_{-2 \text{ years}} = 1,60,000 $$
So, the population 2 years ago was 1,60,000.
Using the same formula with $t=3$ years:
$$ P_{-3 \text{ years}} = \frac{2,50,000}{(1 + 0.25)^3} $$
$$ P_{-3 \text{ years}} = \frac{2,50,000}{(1.25)^3} $$
$$ P_{-3 \text{ years}} = \frac{2,50,000}{1.953125} $$
$$ P_{-3 \text{ years}} = 1,28,000 $$
Therefore, the population 3 years ago was 1,28,000.
The question asks for the difference between the population 3 years ago and 2 years ago. This means we need to subtract the population from 3 years ago from the population 2 years ago.
Difference = Population 2 years ago - Population 3 years ago
$$ \text{Difference} = P_{-2 \text{ years}} - P_{-3 \text{ years}} $$
$$ \text{Difference} = 1,60,000 - 1,28,000 $$
$$ \text{Difference} = 32,000 $$
The difference in the town's population between 3 years ago and 2 years ago is 32,000.
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