The income of man increase by 20 % every year. If his present annual income is 2,20,000. What
will be income 2 years later? and also what was his income 1 year earlier?
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Step-by-step explanation:
income in 2 years.
A=P(1+R/100)n
A=220000(1+20/100)²
A=220000×6/5×6/5
A=316800
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