Question
The income of ‘A’ increases by 20% every year. If
his income 2 years hence from now will be Rs. 86400, then find his income a year before from now.Solution
Let the present income of ‘A’ be Rs. x Therefore, x(1 + 20/100)2 = 86400 Or, x = 86400/(1.2)3 = 60000 Therefore, his income a year before from now = 60000/1.2 = Rs. 50000
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