Question

Armaan monthly salary is 25500, every year his salary increased by 5 % what will be his monthly salary after two year

Answer 1

Here is the best answer for your question

Answer 2

Given,

Armaan's monthly salary = 25500

% increase in salary every year = 5%

To find,

Monthly salary after 2 years

Solution,

Let us first find out what is 5% of Armaan's salary,

5% of 25500

$\frac{5}{100} (25500)\\\\5(255) = 1275$

It is given that his salary is increased by 5% every year.

So his salary after one year will be ,

25500+1275 = 26775

After one year his monthly salary will be 26775 rupees.

Again for the next year his salary will be increased by 5%.

Lets find 5% of 26775,

$\frac{5}{100}(26775)$

=1338.75

The salary will be 26775+1338.75 = 28113.75

Hence, the monthly salary of Armaan after two years would be 28113.75.