The population of a place increased to 1,21,000 in 2003 at a rate of 10% per annum. Find the population in 2001
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a = p( 1 + r/100 )^n
n = 2003 - 2001
n = 2
so, 1,21,000 = p( 1 + 10/100)²
1,21,000 = p(110/100)²
1,21,000 = p(11/10)²
p = 1,21,000 × 100/121
p = 100,000
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