If your income was Rs 10,000 in one year and increased to Rs 12,000 the next year, what is the percentage growth in your income?

Explanation

The income grew from Rs 10,000 to Rs 12,000, which is an increase of Rs 2,000. The growth percentage is calculated as (2000 / 10000) × 100 = 20%. Hence, the correct answer is 20%.