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salary of a person increases every year by 20%. his salary
in the year 2001 was Rs. 26,640. what was salary in 1999?
well i am confused. suggest how to do such probs in steps.
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Answer Posted / mohit
let the salary in 1999 is x then assume the %increase as
compound interest.
x(1+20/100)^2=26640
x=Rs. 18,500
| Is This Answer Correct ? | 12 Yes | 1 No |
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