Question
The income of ‘A’ increases by 33% every year. If
the present income of ‘A’ is Rs. 35378 and his expenditure 2 years ago from now was Rs. 14580, then find his savings 2 years ago from now.Solution
According to the question, Income of ‘A’ 2 years ago = 35378/(1.33)2 = Rs. 20000 Required savings = 20000 – 14580 = Rs. 5420
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