The monthly percentage change in population (compared to the previous - Figure it out - Page 28, 29, 30

part 2 - Question 4 - Figure it out - Page 28, 29, 30 - Chapter 1 Class 8 - Fractions in Disguise (Ganita Prakash II) - Class 8 (Ganita Prakash - 1, 2 & Old NCERT)
part 3 - Question 4 - Figure it out - Page 28, 29, 30 - Chapter 1 Class 8 - Fractions in Disguise (Ganita Prakash II) - Class 8 (Ganita Prakash - 1, 2 & Old NCERT) part 4 - Question 4 - Figure it out - Page 28, 29, 30 - Chapter 1 Class 8 - Fractions in Disguise (Ganita Prakash II) - Class 8 (Ganita Prakash - 1, 2 & Old NCERT) part 5 - Question 4 - Figure it out - Page 28, 29, 30 - Chapter 1 Class 8 - Fractions in Disguise (Ganita Prakash II) - Class 8 (Ganita Prakash - 1, 2 & Old NCERT) part 6 - Question 4 - Figure it out - Page 28, 29, 30 - Chapter 1 Class 8 - Fractions in Disguise (Ganita Prakash II) - Class 8 (Ganita Prakash - 1, 2 & Old NCERT)

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Question 4 The monthly percentage change in population (compared to the previous month) of mice in a lab is given: Month 1 change was +5%, Month 2 change was –2%, and Month 3 change was –3%. Which of the following statement(s) are true? The initial population is p . (i) The population after three months was p × 0.05 × 0.02 × 0.03. (ii) The population after three months was p × 1.05 × 0.98 × 0.97. (iii) The population after three months was p + 0.05 – 0.02 – 0.03. (iv) The population after three months was p. (v) The population after three months was more than p. (vi) The population after three months was less than p.Given Initial Population = p After Month 1 Month 1 change was +5% Thus, Population after Month 1 = Initial Population + Change in Population = Initial Population + 5% of Initial Population = p + 5/100 × p = p + 0.05p = p(1 + 0.05) = p × 1.05 After Month 2 Month 2 change was –2% Thus, Population after Month 2 = Population after Month 1 + Change in Population = Population after Month 1 – 2% of Population after Month 1 = (p × 1.05) – 𝟐/𝟏𝟎𝟎 × (p × 1.05) = p × 1.05 × (1 – 2/100) = p × 1.05 ×(1 – 0.02) = p × 1.05 × 0.98 After Month 3 Month 3 change was –3% Thus, Population after Month 3 = Population after Month 2 + Change in Population = Population after Month 2 – 3% of Population after Month 2 = (p × 1.05 × 0.98) – 𝟑/𝟏𝟎𝟎 × (p × 1.05 × 0.98) = p × 1.05 × 0.98 × (1 – 3/100) = p × 1.05 × 0.98 ×(1 – 0.03) = p × 1.05 × 0.98 × 0.97 Thus, Final population = p × 1.05 × 0.98 × 0.97 = p × 1.05 × (0.98 × 0.97) = p × 1.05 × (0.9506) = p × 0.99813 Now, our options are (i) The population after three months was p × 0.05 × 0.02 × 0.03. (ii) The population after three months was p × 1.05 × 0.98 × 0.97. (iii) The population after three months was p + 0.05 – 0.02 – 0.03. (iv) The population after three months was p. (v) The population after three months was more than p. (vi) The population after three months was less than p. Thus, our population is p × 1.05 × 0.98 × 0.97 – so it matches (ii) And, our population is less than p, so it matches (vi) Thus, (ii) and (vi) are valid statements

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CA Maninder Singh is a Chartered Accountant for the past 16 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.