Practicing Success
A man's earnings increase by 25% in one year and increase by 60% in the next year. Going by this pattern, after 3 years, his total earnings would be 40000. What is his present earning? |
16000 24000 14000 20000 |
16000 |
25% = \(\frac{1}{4}\) let original value = 4 , increased value = 5 60% = \(\frac{8}{5}\) let original value = 5 , increased value = 8 after 3 years amount is = 40000 initial sum is 40000 × \(\frac{4}{5}\) × \(\frac{5}{8}\)×\(\frac{4}{5}\) = 16000 |