Question
A man's annual income grows by 25% each year. If in
2022, his income is Rs. 31,250, what was his income in 2020?Solution
Income of man in 2020 = {31250/(1.25 × 1.25)} = Rs. 20,000
The population of a town is 25,000. If it increases by 8% in one year, what will be the population at the end of the year?
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