Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage Increase
Compound Percentage Growth
Subtraction of Values
Formulas
Income in 2021-2022 = 60,000 × (1 + 9/100)
Income in 2022-2023 = Income in 2021-2022 × (1 + 12/100)
Expenditure in 2021-2022 = 60,000 × (1 + 4/100)
Expenditure in 2022-2023 = Expenditure in 2021-2022 × (1 + 11/100)
Difference = Income in 2022-2023 - Expenditure in 2022-2023
Theorems
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Suitable Grade Level
Grades 10-12
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