Question 50

Income of a company doubles after every year. If the initial income was Rs. 4 lakhs, What would be income after 5 years.

Solution

Initial income is 4 lakhs. Income after 1 year = 4 * 2 = 8 lakhs.

Income after 2 years = 8 * 2 = 16 lakhs

Income after 3 years = 16 * 2 = 32 lakhs

Income after 4 years = 32 * 2 = 64 lakhs.

Income after 5 years = 64 * 2 = 128 lakhs = 1.28 crores

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