the population of a village increased to 55125 in year 2010 at the rate of 5% p.a. find the population of the village in year 2008.
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ɢɪᴠᴇɴ ᴀ = , ʀᴀᴛᴇ ᴏғ ɪɴᴛᴇʀᴇsᴛ ʀ = %, ᴛɪᴍᴇ = ʏᴇᴀʀs( - ). = > ᴘ = . ᴛʜᴇʀᴇғᴏʀᴇ, ᴛʜᴇ ᴘᴏᴘᴜʟᴀᴛɪᴏɴ ᴏғ ᴛʜᴇ ᴠɪʟʟᴀɢᴇ ɪɴ ʏᴇᴀʀ = .
ʜᴏᴘᴇ ᴛʜɪs ʜᴇʟᴘs!
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Answer:
A = 55125, Rate of interest r = 5%, time = 2 years(2010 - 2008). = > P = 50000.
Therefore, the population of the village in year 2008 = 50000.
Hope this helps!
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