Question

An employee's starting salary is P10 000 per month. If his salary increases by 2% every quarter, how much will his salary be by the end of 3 years?​

Answer 1

Answer:

Step-by-step explanation:

The first year, his salary is RS 10,000

The second year it increases by RS 1000(i.e 10% of 10,000) whch makes the salary for the second year RS 11,000

The third year it increases by RS 1100(i.e 10% of 11,000) whch makes the salary for the second year RS 12,100

The fourth year it increases by RS 1210(i.e 10% of 12,100) whch makes the salary for the second year RS 13310

The fifth year it increases by RS 1331(i.e 10% of 13310) whch makes the salary for the second year RS 14,641