Amit salary in 2018 is RS 126500 his salary for 2016 has risen annually by 10% and 15 % respectively to reach 2018 salary figures what was his salary in 2016
Answers
If Amit’s salary from 2016 has risen annually by 10% and 15% to Rs. 126500 in 2018, then his salary in 2016 was Rs. 1,00,000.
Step-by-step explanation:
Let Amit’s salary in 2016 be Rs. “P”.
Amit’s salary has risen annually from 2016 to 2018 by 10% and 15% respectively.
Amit’s salary in 2018 = Rs. 126500
According to the question, we can write the eq. as,
[Amit’s salary in 2018] = [Amit’s salary in 2016] * [1 + (10/100)][1 + (15/100)]
⇒ 126500 = P * [1 + (10/100)] * [1 + (15/100)]
⇒ 126500 = P * [1 + (1/10)] * [1 + (3/20)]
⇒ 126500 = P * [11/10] * [23/20]
⇒ P = [126500 * 10 * 20] / [11 * 23]
⇒ P = [25300000] / [253]
⇒ P = Rs. 1,00,000
Thus, Amit’s salary in 2016 was Rs. 1,00,000.
--------------------------------------------------------------------------------------------
Also View:
The monthly salary of mohan is rs 950.If his salary increases by 6% .Find his new salary.
https://brainly.in/question/6116845
A money box contains one-rupee and two-rupee coins in the ratio 5:6. If the total value of the coins in the money box is 85 rupees , find the number of two-rupee coins.
https://brainly.in/question/1665572
An a.p. consists of 21 terms. the sum of the three terms in the middle is 129 and the sum of the last three terms is 237. find the first term and the common difference.
https://brainly.in/question/2050447
Answer:
In 2016 Amit's salary was Rs 100000
Step-by-step explanation:
Let x be Amit's salary in 2016.
In 2017 the salary rose by 10%.
So, the new salary in 2017 was: x(1.10) = 1.10x
In 2018, the salary went up by 15%.
The new salary in 2018 was: (1.10x)(1.15) = 1.265x
From the question, Amit's salary in 2018 is equal to = Rs 126500
We equate the two as follows:
126500 = 1.265x
x = 126500/1.265 = 100000
Therefore, in 2016 Amit's salary was Rs 100000