Question

The population of a place increased to 54000 in 2003 at a rate of 5% per annum

(i) find the population in 2001

(ii) what would be its population in 2005?

Answer 1

(i) It is given that, population in the year 2003 = 54,000

Therefore,

54000 = (Population in 2001)

Population in 2001 = 48979.59

Thus, the population in the year 2001 was approximately 48,980.

(ii) Population in 2005 =

Thus, the population in the year 2005 would be 59,535.