Homework Answers
In every month income is increasing by 10%.
As from January to february the income is increased by 10000, which is 10% of 100000(January income).
From February to march income is increased by 11000 which is 10% of 110000(february income).
Here Compound Intrest formula can be used,
Here
principal=100000(income in January), rate=10%, time=11 months(from
February to December).
Answer
is option B. $ 285311.67
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