Quantitative Aptitude Percentage

The income of a company increases 25% per annum. If its income is Rs. 26,64,000 in the year 1999 what was its income in the year 1997?

1

Rs. 16,50,000

2

Rs. 17,04,960

3

Rs. 15,50,000

4

Rs. 17,50,000

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