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?

Explanation

To solve the problem step by step, we need to find the population in 2001 and then the population in 2005 based on the given information.

### Step 1: Understand the Given Information
We know that:
- The population in 2003 is 54,000.
- The rate of increase is 5% per annum.

### Step 2: Find the Population in 2001
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