The population of a place increased to 54,000 in 2003 at a rate of 5% per annum. (i) find the population in 2001 (ii) what would be its population in 2005?
Question
Solution 1
(i) To find the population in 2001, we need to reverse the growth rate from 2003. The population in 2003 was 54,000 and it had grown by 5% per annum. So, to find the population in 2001, we need to reduce the 2003 population by 5% for each of the two years.
First, let's find the population in 2002:
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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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