The income of a company increases 20% per year. If the income

The income of a company increases 20% per year. If the income is Rs. 26,64,000 in the year
2012, then its income in the year 2010 was :

Given in question , Income = Rs. 26,64,000 , Rate = 20%
Let the income of company in 2010 be Rs. P
According to the question,

A = P		1 +	R		_T
			100

⇒ 2664000 = P		1 +	20		₂
			100

⇒ 2664000 = P		1 +	1		₂
			5

⇒ 2664000 = P ×		6		²
		5

⇒ P =	2664000 × 5 × 5	= Rs. 1850000
	6 × 6