The population of a town increases at the rate of 50 per thousand. Its population after 2 years will be 22050. Find its present population.
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Population after three years = P(1+R100)n
22050 = P(1+501000)3
22050 = (1.05)2
P = 220501.1025
= 20000
Thus, the population three years ago was 20000.
22050 = P(1+501000)3
22050 = (1.05)2
P = 220501.1025
= 20000
Thus, the population three years ago was 20000.
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