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    Question

    The income of β€˜A’ increases by 26% every year. If

    the present income of β€˜A’ is Rs. 25401.6 and his expenditure 2 years ago from now was Rs. 14000, then find his savings 2 years ago from now.
    A Rs. 2100 Correct Answer Incorrect Answer
    B Rs. 2200 Correct Answer Incorrect Answer
    C Rs. 2000 Correct Answer Incorrect Answer
    D Rs. 2300 Correct Answer Incorrect Answer

    Solution

    According to the question, Income of β€˜A’ 2 years ago = 25401.6/(1.26)2 = Rs. 16000 Required savings = 16000 – 14000 = Rs. 2000

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