Question

    The income of ‘A’ increases by 32% every year. If the present income of ‘A’ is Rs. 34848 and his expenditure 2 years ago from now was Rs. 10000, then find his savings 2 years ago from now.

    A Rs. 12000 Correct Answer Incorrect Answer
    B Rs. 15000 Correct Answer Incorrect Answer
    C Rs. 12000 Correct Answer Incorrect Answer
    D Rs. 10000 Correct Answer Incorrect Answer

    Solution

    According to the question, Income of ‘A’ 2 years ago = 34848/(1.32)2 = Rs. 20000 Required savings = 20000 – 10000 = Rs. 10000

    Practice Next

    Relevant for Exams: