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

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

  • (A) Rs.1.28 Crores
  • (B) Rs.2.25 Crores
  • (C) Rs.3.25 Crores
  • (D) Rs.3.75 Crores
  • Solution: If income increases by twice as much each year, then income after five years will be:
  • Income = 4 lakh × 2^5 = 4 × 32 lakh = 128 lakh = 1.28 Crores
  • Answer: (A) Rs. 1.28 Crores
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