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    Question

    The income of β€˜A’ increases by 35% every year. If

    the present income of β€˜A’ is Rs. 45562.5 and his expenditure 2 years ago from now was Rs. 12000, then find his savings 2 years ago from now.
    A Rs. 10000 Correct Answer Incorrect Answer
    B Rs. 13500 Correct Answer Incorrect Answer
    C Rs. 13700 Correct Answer Incorrect Answer
    D Rs. 13000 Correct Answer Incorrect Answer

    Solution

    According to the question, Income of β€˜A’ 2 years ago = 45562.5/(1.35)2 = Rs. 25000 Required savings = 25000 – 12000 = Rs. 13000

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