A man received Rs.880000 as his annual salary of the year 2007 which was 10% more than his annul salary in 2006. His annual salary in the year 2006 was?
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Step-by-step explanation:
Salary of year 2007 is amount = Rs 880000
Rate = 10℅
Annual salary in the year 2006= Principal=?
Difference between the year = 1 year
A= P(1+R/100)^N
880000=P(1+10/100)^1
880000= P(1+1/10)^1
880000= P(11/10)^1
880000×10/11=P
8800000/11=P
800000=P
The man's annual salary in the year 2006 is Rs
800000
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