From a village people started migrating to nearby cities due to unemployment problem. The population of the village two years ago was 6,000. The migration is taking place at the rate of 5% per annum. Find the present population.
Population before 2 years (P) = 6,000
Rate of migration (R) = 5%
No. of years (n) = 2
Present population = ![]()
= 6,000 × ![]()
= 0.6 (95)2
= 5,415
Present population in the village is 5,415
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