Question
A company’s revenue increased by 20% in the first year
and by 10% in the second year. If the revenue at the beginning of the first year was â‚ą1,00,000, what will be the revenue at the end of the second year?Solution
Revenue after first year = 1,00,000 * 1.20 = â‚ą1,20,000. Revenue after second year = 1,20,000 * 1.10 = â‚ą1,32,000.
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