Page 133 - ICSE Math 8
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From (1) and (2), we get

                                  Ï Ê Ô  R  ˆ 5568 ¸ 3  Ê  R  ˆ  n  Ê    R  ˆ 5568 ¥  3  Ê  R  ˆ n
                                                Ô
                                  Ì Á 1-   ˜    ˝ =  Á 1-   ˜    fi  1-     ˜       = Á 1-    ˜
                                                                    Á
                                  Ó Ë Ô  100¯   ˛ Ô  Ë  100¯        Ë   100¯         Ë   100¯
                                     Ê     R  ˆ 16704  Ê  R  ˆ n
                                  fi  1-  100¯      = Á 1- 100¯
                                             ˜
                                     Á
                                                            ˜
                                     Ë
                                                     Ë
                                  fi n = 16,704                      ( If the bases are the same, we can equate the powers.)
                                  Hence, the age of the wooden piece is 16,704 years.


                                                             EXERCISE 11.5

                      1.  The population of a village 2 years ago was 5,000. If the annual growth in population during 2 successive
                        years was at the rate of 5% and 7% respectively, find the present population of the village.
                      2.  The bacteria in a culture grows by 5% in the first hour, decreases by 5% in the second hour and again
                        increases by 5% in the third hour. If the original count of bacteria in a sample is 5,000, find the bacteria
                        count at the end of 3 hours.
                      3.  The population of a village was decreasing every year due to migration, poverty and unemployment. The
                        present population of the village is 3,15,840. Last year the migration was 4% and the year before last, it
                        was 6%. What was the population of the village 2 years ago?
                      4.  From a village, people started migrating to nearby cities due to unemployment. The population of the village
                        2 years ago was 6,000. If its present population is 5,415, find the rate at which the migration is taking place.
                      5.  Carbon-14 (C ) decays at a constant rate in such a way that it reduces to 50% in 5,568 years. Find the
                                     14
                        age of an old wooden piece in which the carbon is only 25% of the original.
                      6.  The population of a town increases at the rate of 50 per thousand. If the estimated population after 2 years
                        will be 22,050, find the present population of the town.
                                                                  1
                      7.  The height of a tree increases every year by   times. If the present height of the tree is 250 cm, find its
                                                                  5
                        height after 3 years.
                    Depreciation

                    The value (P) of any asset reduces over a period of time due to usage and wear and tear. For example, the
                    value of a computer or a machinery reduces with time. The price it fetches after a few years of use will be far
                    less than its original price. This relative decrease in asset value over a period of time is called depreciation.
                    The depreciation per unit of time is called the rate of depreciation.
                      (a)  If P is the asset value, R% is the rate of depreciation per annum and n is the number of years, then
                                                                Ê    R  ˆ n
                          depreciated asset value after n years is P 1- 100¯  .
                                                                        ˜
                                                                Á
                                                                Ë
                      (b)  If, R %, R %, ......, R % are the rates of depreciation in the 1st, 2nd, ......, nth year respectively, then
                              1
                                    2
                                              n
                                                                   Ê    R  ˆ Ê   R  ˆ      Ê   R  ˆ
                                                                         1
                                                                                                 n
                                                                                  2
                          the depreciated asset value after n years = P 1- 100¯ Ë 1- 100¯   ......  1- 100¯ .
                                                                                    ˜
                                                                           ˜ Á
                                                                   Á
                                                                                                  ˜
                                                                                           Á
                                                                                           Ë
                                                                   Ë
                    Example 20:  A builder constructs a house for ` 50,00,000. Due to recession, its value depreciates by 20%
                                  in 2 years. What value does he get, if he sells this house after 2 years?
                    Solution:     Original value of the house (P) = ` 50,00,000, Rate of depreciation (R) = 20%,
                                  Time (n) = 2 years
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