Question

an employees salary in 2012 was Rs.120000.if he gets a 15% raise annually , what would be his salary by the end of 2015

Answer 1

Numbers of years = 3 years
% increased = 15%
Amount = rs 120000
So,120000 + (15% of 120000)
= 120000 + (15/100 of 120000)
= 120000 + 18000
= 128000
Then,
128000 + ( 15% of 128000)
= 128000 + (15/100 of 128000)
= 128000 + 19200
= 137200
Then,
137200 + ( 15% of 137200)
= 137200 + (15/100 of 137200)
= 137200 + 20580
= 157780
So, your answer is 157780.
Hope it helps...!!!

Answer 2

Numbers of years = 3 years
% increased = 15%
Amount = rs 120000
So,120000 + (15% of 120000)
= 120000 + (15/100 of 120000) 
= 120000 + 18000
= 128000
Then,
128000 + ( 15% of 128000)
= 128000 + (15/100 of 128000)
= 128000 + 19200
= 137200
Then, 
137200 + ( 15% of 137200)
= 137200 + (15/100 of 137200)
= 137200 + 20580
= 157780
So, your answer is 157780.
Hope it helps...!!!

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