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# The Population of a Place Increased to 54000 in 2003 at a Rate of 5% per Annum Find the Population in 2001 - CBSE Class 8 - Mathematics

ConceptApplications of Compound Interest Formula

#### Question

The population of a place increased to 54000 in 2003 at a rate of 5% per annum find the population in 2001

#### Solution

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

Therefore,

54000 = (Population in 2001)(1 + 5/100)^2

Population in 2001 = 54000 xx 20/21xx20/21 =  48979.59

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

Is there an error in this question or solution?

#### APPEARS IN

NCERT Solution for Mathematics Textbook for Class 8 (2018 to Current)
Chapter 8: Comparing Quantities
Ex.8.30 | Q: 10.1 | Page no. 134
Solution The Population of a Place Increased to 54000 in 2003 at a Rate of 5% per Annum Find the Population in 2001 Concept: Applications of Compound Interest Formula.
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