Question

The Population of a place increased to 54000 in 2003 at a rate of 5 percent per annum ? Find the population in 2005​

Answer 1

Answer:

the population in 2003=54000.

After a 5% increament, the population in 2004 would be=1.05×54000=56700. In the same way,After a 5% increment the population in 2005 would be=1.05×56700=59535.

Therefore, the population in year 2005 is 59535.