Question

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Answer 1

Answer:

(1) 54000=( Population in 2001)(1+

100

5)2

54000=( Population in 2001)(

100

105)2

54000=( Population in 2001)(

100

105

×

100

105)

Population in 2001=54000×

105

100

×

105

100

=48979.59

∴, the population in the year 2001 was approximately 48,980

(2) Now, as a population in 2003 = 54000 . Then, after a 5% increment, the population in 2004 =1.05×54000=56700. Similarly, after a 5% increment, the population in 2005 =1.05×56700=59535 . Thus, the population in 2005 is 59535

Step-by-step explanation:

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