A man joined a company as assistant manager. The company gave him a starting salary of Rs.60,000 and agreed to increase his salary 5% annually. what will be his salary after 5 years?
Answers
Answered by
25
75,000
=> Salary = 60,000
5% of the salary =
Salary after 1 year will be
= 60,000 + 3,000 = 63,000
Salary after 2 years will be
= 63,000 + 3,000 = 66,000
Salary after 3 years will be
= 66,000 + 3,000 = 69,000
Salary after 4 years will be
= 69,000 + 3,000 = 72,000
Salary after 4 years will be
= 72,000 + 3,000 = 75,000
I hope it will helps you...
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eswarvts:
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Answered by
12
Answer:
Step-by-step explanation
a=60000
r=105/100.(increase 5 percent)
n=6years (after 5 years)
T6=ar(n-1)
=60000(105/100)5
=60000(1.27628)
=72576.6
=72577
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