A person employed in a company at rs 3000 per month and is promised an annual increment of rs 200 find the total amount which he received in 25 years and the monthaly salary of the last year
Answers
Answer:
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The Total amount received in 25 years is Rs 1,620,000
The monthly salary in last year is Rs 7800
Step-by-step explanation:
Given as :
The salary given to employee in a company as per month = Rs 3000
The Annual increment amount = Rs 200
The time period of working = 25 years
Let The Total Amount received after 25 years = Rs x
According to question
The monthly salary of the employee = Rs 3000
The annual increment = Rs 200
So, The salary for first year = Rs 3000
The salary for second year = Rs 3000 + Rs 200
= Rs 3200
For The next 25 years
The monthly salary in last year = first month salary + ( number of years - 1 ) × annual increment
i.e The monthly salary in last year = Rs 3000 + ( 25 - 1 ) × Rs 200
= Rs 3000 + 24 × Rs 200
= Rs 3000 + Rs 4800
= Rs 7800
So, The monthly salary in last year = Rs 7800
Again
Total amount received in 25 years = ( first year monthly salary + last year monthly salary ) × number of month ×
i.e x = ( Rs 3000 + Rs 7800 ) × 12 ×
Or, x = Rs 10800 × 150
∴ x = Rs 1,620,000
So, The Total amount received in 25 years = x = Rs 1,620,000
Hence, The Total amount received in 25 years is Rs 1,620,000
And The monthly salary in last year is Rs 7800 Answer