Question

6. The annual salary of a person for the year 2015
was 5,50,000. In 2016, he got an increment of
7% and a bonus of 2,800. What is his current
income?​

Answer 1

Answer:

Annual salary in 2015 = 550000.

Increment percentage received in 2016 = 7%.

Bonus = 2,800.

Salary increased = 7% of 550000 = 7/100 of 550000 = 38500.

So, his current income = 550000+38500 = 588500.

We can't count bonus in his income since its a one time thing..

So, his current income = 588500.

Hope it helps! :)

Answer 2

Answer:

588500 is his new income!

Step-by-step explanation:

Salary in 2015 = 5,50,000

Salary in 2016 = 7% increment

=

$550000 + ( \frac{7}{100} \times 550000) \\ = 550000 + 38500 \\ = 588500$

The bonus amount will not be added because it will be only for a month. It can't be counted for a year income. But still if we add then,

5,88,500 + 2800

= 5,91,300 (after adding bonus amount, this step is not compulsory).