The income of a person is Rs. 6400, if his income increases by 10% eac

1.	The income of a person is Rs. 6400, if his income increases by 10% each year then what will be his income after two years.1. Rs. 76802. Rs. 74003. Rs. 77444. Rs. 7000
Answer» Correct Answer - Option 3 : Rs. 7744 Given: Income of the person = Rs. 6400 Percentage increase every year = 10% Time = 2 years Formula used: If there is increase in x% then then the value after the increment = Initial value × (100 + x)/100 Calculation: Income after one year = Initial income × (100 + 10)/100 ⇒ Income after one year = 6400 × 11/10 = 7040 Income after second year = 7040 × (100 + 10)/100 = 7744 ∴ Income after two years will be Rs. 7744

The income of a person is Rs. 6400, if his income increases by 10% each year then what will be his income after two years.1. Rs. 76802. Rs. 74003. Rs. 77444. Rs. 7000

Answer» Correct Answer - Option 3 : Rs. 7744

Given:

Income of the person = Rs. 6400

Percentage increase every year = 10%

Time = 2 years

Formula used:

If there is increase in x% then then the value after the increment = Initial value × (100 + x)/100

Calculation:

Income after one year = Initial income × (100 + 10)/100

⇒ Income after one year = 6400 × 11/10 = 7040

Income after second year = 7040 × (100 + 10)/100 = 7744

∴ Income after two years will be Rs. 7744

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The income of a person is Rs. 6400, if his income increases by 10% each year then what will be his income after two years.1. Rs. 76802. Rs. 74003. Rs. 77444. Rs. 7000

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