Class 8 ,ch-8 ,EX.8.3,ques no.10,i part
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population in 2003 = 54000 (amount)
let population in 2001 = P (principal)
rate = 5%
time = 2years
A. T. Q
Amount = Principal ( 1+Rate/100) n ( n is a power here)
54000 = P ( 1+5/100) 2 ( 2 is a power here)
54000 = P (21/20) 2
54000 = P × 21/20 × 21/20
54000 × 20/21 × 20/21 = P
P = 2400000/49
P = 48979.59 or 489.60 ( approx)
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