Sita annual salary increses by 20 percent if her salry was 2000 two years ago what will be her salary now
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Salary of Sita two years ago = 2000
After 1 year ,
Salary of Sita = 2000 + 20% of 2000
= 2000 + (20/100) × 2000
= 2000 + 400
= 2400
After 2 years ( that is now)
Salary of Sita = 2400 + 20% of 2400
= 2400 + (20/100) × 2400
= 2400 + 480
= 2880
we can also check our answer by other quicker method
since each year increase in salay is 20% = 100% + 20% = 120% = 120/100 = 1.20
so in two years salary increase = 2000 × 1.2 × 1.2 = 2880
Hence current salary of Sita is 2880
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