Question

An officer's pension on retirement from service is equal to half the average salary during the
last 36 months of his service. His salary on 30-9-1994 is 3.800 per month, with his annual
increment of 7 400 from 1-10-1994, 1-10-1995 and 1-10-1996. If he retires on 1-1-1997, what
pension will he draw?​

Answer 1

Answer:₹215

Step-by-step explanation:O the basis of given details in question , we have

Total salary of 3 years = ₹(380 × 9 + 420 × 12 + 460 × 12 + 500 × 3)

Total salary of 3 years = ₹(3420 + 5040 + 5520 + 1500) = ₹15480

Average monthly salary = 15480 ÷ 36 = ₹430

∴ Amount of pension = 430 ÷ 2 = ₹215