Question

An employee's salary in 2011 was Rs 1,20,000. If he gets a raise of 15% annually, what would be his salary by the end of 2014​

Answer 1

Answer:

Step-by-step explanation:

122212223344 billion dollars

Answer 2

Answer:

182400

Step-by-step explanation:

Given, P = 1,20,000. R = 15%, Time n = 3 years{2011 - 2014}

We know that A = P(1 + r/100)ⁿ

                           = 120000(1 + 15/100)³

                           = 120000(115/100)³

                           = 120000(1.15)³

                           = 182400

Therefore, his salary by the end of 2014 = 182400.

Hope it helps!