Question
The income of ‘A’ increases by 20% every year. If
the present income of ‘A’ is Rs. 17280 and his expenditure 2 years ago from now was Rs. 10000, then find his savings 2 years ago from now.Solution
According to the question, Income of ‘A’ 2 years ago = 17280/(1.2)2 = Rs. 12000 Required savings = 12000 – 10000 = Rs. 2000
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