The population of a place increased to 54,000 in 2003 at a rate of 5% per annum

(i) find the population in 2001.

(ii) what would be its population in 2005?

**(i)** Here, A_{2003} = Rs. 54,000, R = 5%, n = 2 years

Population would be less in 2001 than the population in 2003.

Here the population is increasing.

⇒ P_{2001} = 48,980 (approx.)

**(ii)** According to question, population is increasing. Therefore population in 2005,

= 59,535

Hence, population in 2005 would be 59,535.

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