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?

23458 22528 24387 21348

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