Question:The population of a town is 176400. If it increases at the rate of 5% per annum, what will be its population 2 years hence ? What was it 2 years ago ?
Answer
Population after 2 years = `176400 xx (1 +5/100)^2` = `(176400 xx 21/20 xx 21/20)` = 194481. Population 2 years ago = `176400/(1 +5/100)^2` = `(176400 xx 20/21 xx 20/21)` = 160000.