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?
    A Rs. 20,000 Correct Answer Incorrect Answer
    B Rs. 22,000 Correct Answer Incorrect Answer
    C Rs. 25,000 Correct Answer Incorrect Answer
    D Rs. 22,500 Correct Answer Incorrect Answer

    Solution

    Income of man in 2020 = {31250/(1.25 × 1.25)} = Rs. 20,000

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