The income of ‘A’ increases by 32% every year. If the present income of ‘A’ is Rs. 34848 and his expenditure 2 years ago from now was Rs. 10000, then find his savings 2 years ago from now.
According to the question, Income of ‘A’ 2 years ago = 34848/(1.32)2 = Rs. 20000 Required savings = 20000 – 10000 = Rs. 10000
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