Question
The income of ‘A’ increases by 10% every year. If
his income 2 years hence from now will be Rs. 27951, then find his income a year before from now.Solution
Let the present income of ‘A’ be Rs. x Therefore, x(1 + 10/100)2 = 27951 Or, x = 27951/(1.1)2 = 23100 Therefore, his income a year before from now = 23100/1.1 = Rs. 21000
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