7). Mr. Asimba's salary is 125,000 frs per month, if he is granted a 5% increase
annually, what will be his monthly salary after 2 years?
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Step-by-step explanation:
monthly salary =125000
increased 5% annually
salary in 1st year
5% on 125000=6250
salary in 1st year =125000+6250=131250
salary in 2nd year
5% on 131250=6562.5
131250 + 6562.5 =137812.5
therefore after 2 years his salary will be 137812.5 frs
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