Question
The income of ‘A’ increases by 30% every year. If
his income 3 years hence from now will be Rs. 34273.2, then find his income a year before from now.Solution
Let the present income of ‘A’ be Rs. x Therefore, x(1 + 30/100)3 = 34273.2 Or, x = 34273.2/(1.3)3 = 15600 Therefore, his income a year before from now = 15600/1.3 = Rs. 12000
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