Question

from a village people started migrating to nearby cities due to unemployment problem the population of the village two years ago was 60000 the migration is taking place at the rate of 5℅per annum find the present population
$a = p(1 + r \div 100) n$

Answer 1

2 years ago population was=60000
rate of migration=5% per annum
population increased in one year = 3000
population increased in two years =3000*2=6000
present population =60000+6000=66000