The population of a place increased to 57000 in 2003 at a rate of 5% per annum(i) find the population in 2001(ii) what would be its population in 2005? (Approx
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Answer:
P(2003)=P(2001)×(1+5/100)^2=P(2001)×(1.05)^2
=57000=P(2001)×1.1025
P(2001)=57000/1.1025=51700.68027=51700
P(2005)=P(2003)×(1+5/100)^2=51700×1.1025=
56999.25=56999
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