A farmer increases his output of wheat in his farm every year by 8%. This year he produced 2187 quintals of wheat. What was the yearly produce of wheat two years ago?
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1875
Step-by-step explanation
It is given that
Present production of wheat = 2187 quintals
Increase in production = 8% p.a.
We know that
Production of wheat 2 years ago = A÷(1+r/100)
n
Substituting the values
=2187÷(27/25)
2
By further calculation
=2187÷(27/25)
2
So we get
= 2187×25/27×25/27
=1875 quintals
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