SarkariPYQ

SSC CHSL 2024 PYQ — Question 71

SSC CHSL - 01 July 2024 - Shift 4 • Quantitative Aptitude • Q71

Back to paper

Sumit’s income in 2020 was Rs 21,000. He gets an increment of 10% every year. What was his income in 2022?

Show answer & explanation

Correct answer: B

Explanation

The correct answer is option 2 i.e. Rs 25,410.

Given:

Income in 2020 = Rs 21000

Increment = 10% every year

Formula used: 

Successive change = x + x + x2/100

Calculations:

Percentage increase = 10 + 10 + 1 = 21%

Increase in Sumit's income = 21100\frac{21}{100} × 21000 = 4410

Hence, the income in 2022 = 21000 + 4410 = Rs 25410