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# Solution for The Population of a Place Increased to 54000 in 2003 at a Rate of 5% per Annum What Would Be Its Population in 2005? - 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 what would be its population in 2005?

#### Solution

Population in 2005 = 54000 (1 + 5/100)

= 54000 (1 + 1/20)^2 = 54000 xx 21/20 xx  21/20 = 59535

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

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#### APPEARS IN

NCERT Solution for Mathematics Textbook for Class 8 (2015 to Current)
Chapter 8: Comparing Quantities
Ex.8.3 | Q: 10.2 | Page no. 134
Solution The Population of a Place Increased to 54000 in 2003 at a Rate of 5% per Annum What Would Be Its Population in 2005? Concept: Applications of Compound Interest Formula.
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