Question

An employee salary in 2011 was 120000. if he gets a 15%raise annually,what would be his salary at end of 2014?

Answer 1

Answer:

182505

Step-by-step explanation:

if his salary by the end of 2011 is 120000

by the end of :

2012 : (115/100) ×120000 =138000

2013: (115/100)×138000= 158700

2014: (115/100)× 158700=182505