The Income of a company Increases 20% per year. If the Income Is Rs.26,64,000 In the year 2012, then its Income In the year 2010 was :
1). Rs. 28,55,000
2). Rs. 18,50,000
3). Rs. 28,20,000
4). Rs. 21,20,000
.Let the income of company in
2010 be Rs. P
According to the question
A= P ($1+\frac{R^{T}}{100}$)
2664000 = P($1+\frac{20^{2}}{100}$)
P = $\frac{2664000\times5\times5}{6\times6}$
= Rs. 1850000