The income of a company increases by 25% per year, if income is Rs.35200 in year 1998, then its income in year 1996 was?

22528

A = P(1 + \(\frac{R}{100}\))^T

35200 = P (1+ \(\frac{R}{100}\))²             

35200 = P (1+ \(\frac{20}{100}\))² 

35200 = P ( 1+ \(\frac{1}{4}\))

35200= P (\(\frac{5}{4}\))

\(\frac{35200×4×4}{5×5}\)= P 

P = 22528