Question

15. The income of a man increase by 10% every year.
If his present annual income is *8,80,000.
(a) What will be his income 2
(b) What was his income 1 year earlier ?
years later?
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Answer 1

Answer:

10% increases every year

current us 880000

so after two years it will be

880000*1.1*1.1 = 1064800

income 1 year earlier 880000/1.1 = 800000