The population of a village declines by 5% every year.If the present population of the village is 1444, find the population of the village 2 year back.
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Solution
Given:-
Present population, P=1444, Rate =5% and Time =2 years
Let the population of the village 2 years back be Po.
Now,
P=Po(1−R100)n ⇒1444=Po(1−5100)2
⇒1444=Po(95100)2 ⇒Po=1444×100×10095×95 ⇒Po=1600
Hence, the population of the village 2 years back is equal to 1600.