Question
Amit's income in 2019 was ₹25,300. He gets an
increment of 10% every year. What was his income (in ₹) in 2021?Solution
Income in 2019 = ₹25,300
Annual increment = 10%
Income in 2020 = 25,300 × 110% = ₹27,830
Income in 2021 = 27,830 × 110% = ₹30,613
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