A farmer increases his output of wheat in his farm every year by 8%. This year he produced 2187 quintals of wheat. What was the yearly produce of wheat two years ago?
Compound Interest
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Question

A farmer increases his output of wheat in his farm every year by 8%. This year he produced 2187 quintals of wheat. What was the yearly produce of wheat two years ago?

KnowledgeBoat · Accepted Answer

Let yearly produce 2 years ago be P. Then present production will be the final production. By formula, V = Putting values in formula we get, Hence, the yearly produce of wheat two years ago was 1875 quintals.

Mathematics

A farmer increases his output of wheat in his farm every year by 8%. This year he produced 2187 quintals of wheat. What was the yearly produce of wheat two years ago?

Compound Interest

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