New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    The income of ‘A’ increases by 20% every year. If

    the present income of ‘A’ is Rs. 17280 and his expenditure 2 years ago from now was Rs. 10000, then find his savings 2 years ago from now.
    A Rs. 2000 Correct Answer Incorrect Answer
    B Rs. 2200 Correct Answer Incorrect Answer
    C Rs. 2300 Correct Answer Incorrect Answer
    D Rs. 2400 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the question, Income of ‘A’ 2 years ago = 17280/(1.2)2 = Rs. 12000 Required savings = 12000 – 10000 = Rs. 2000

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