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Question
The population of a place increased to 54000 in 2003 at a rate of 5% per annum Find the population in 2001.
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Solution
It is given that, population in the year 2003 = 54,000
Therefore,
54000 = (Population in 2001)`(1 + 5/100)^2`
= 54000
Population in 2001 = `54000 xx 20/21xx20/21`
= 48979.59
Thus, the population in the year 2001 was approximately 48,980.
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